Governor Davis will spell out his plans today to create 500,000 new jobs and repair the state€™s ailing economy over the next four years.
The governor will present his plans after he is sworn in for his second term in office in a noontime ceremony at Sacramento€™s Memorial Auditorium. Aides said the central theme of his inauguration and his State of the State Address on Wednesday will be jobs and the economy. The governor will ask President Bush for more help paying for homeland security and for job training programs.
But that will be just a piece of the governor€™s solution to a $35 billion deficit that Davis will lay out this week.
On Friday, Davis will divulge his budget plan and is expected to propose tax increases and sweeping budget cuts to fill the state€™s fiscal hole.
Davis will be sworn in at noon today by California Chief Justice Ronald George. He then will host a barbecue-style “Celebrate California” party at the Sacramento Convention Center.