Governor Davis has signed a $98 billion hard-times state budget that makes $9 billion in cuts and trims the state payroll by 7,000 jobs. But the spending plan leaves Capitol budget players open to criticism they did too little, too late to prevent worse cuts next year.
The budget becomes official two months and five days into the budget year, which ends next June 30. It´s the latest budget signing in California’s recorded history. Davis signed the budget in his office. That’s in marked contrast to lavish productions for his first three budgets – signed at a Sacramento school and the steps of the Capitol.