California Budget Talks Lose Ground. (cover story)

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  • Additional Information
    • Subject Terms:
      CALIFORNIA; UNITED States
    • Subject Terms:
      SCHWARZENEGGER, Arnold, 1947-
    • Abstract:
      Reports that California governor Arnold Schwarzenegger is exhorting lawmakers on spending plan after budget negotiations imploded when local government officials accused the governor of reneging on a deal to protect them from spending cuts. Governor's pledge for a ballot measure that would forbid state incursions into local tax sources and reject unfunded mandates on local governments; Governor's compromise deal with Democrats that would allow raids on city and county funds during fiscal emergencies; Impact of budget blowup on trading in California general obligation bonds.