Sacramento, CA — The state Legislature is scheduled to vote today on a budget package that would tackle California’s $42 billion shortfall.
Legislative leaders and Gov. Schwarzenegger have been locked in a battle for 100 days over how to solve the massive shortfall.
Republican and Democratic leaders tentatively agreed to a framework that would give businesses tax credits and relax some environmental rules in exchange for tax increases and borrowing. A vote in the Senate was scheduled for 9am this morning, but has been postponed to 5pm.