55.2 ° F
Full Weather
Sponsored By:

State”s Budget Deficit: $21 Billion

Sponsored by:

California is facing a more than $20 billion budget deficit for the second straight year.

Legislative Analyst Elizabeth Hill says lawmakers will be forced over the next 19 months to fill in a $21 billion deficit — amounting to one quarter of the state´s total operating budget.

Plus, Hill says California and could face large deficits for at least six more years.

Hill blames the shortfall on slumping revenues, a plunge in exports and the dismal performance of the stock market. She also says Governor Davis´ current-year budget is out of balance because some expected federal funds and savings never materialized.

Hill is urging that the Legislature put everything on the table to repair the problem — including unpopular choices such as tax hikes, heavy cuts to programs and college tuition increases.

where to buy viagra buy generic 100mg viagra online
where to buy viagra buy generic 100mg viagra online