"Gov. Arnold Schwarzenegger has warned Californians that they face more economic pain in the year ahead, and on Friday he delivered on that promise by proposing an austere budget that takes the state back to its spending level of six years ago.
To make up for a drastic drop in tax revenue and plug a $20 billion deficit, Schwarzenegger proposed making cuts to health and human services, welfare, prisons, transportation and environmental programs.
He also seeks to raise money by rolling back recent corporate tax breaks, expanding oil drilling off the Santa Barbara coast to provide $140 million for state parks and demanding more money from the federal government."
To make up for a drastic drop in tax revenue and plug a $20 billion deficit, Schwarzenegger proposed making cuts to health and human services, welfare, prisons, transportation and environmental programs.
He also seeks to raise money by rolling back recent corporate tax breaks, expanding oil drilling off the Santa Barbara coast to provide $140 million for state parks and demanding more money from the federal government."