Schwarzenegger appeals for quick budget deal

SACRAMENTO (AP) The state faces a $24.3 billion deficit and a looming cash crisis that jeopardizes its ability to pay its day-to-day bills. The governor told a joint session of the Legislature that government must become more efficient and learn to provide services for less in the years ahead.

"Our wallet is empty," he said in the rare midyear appearance.

His speech comes just four months after he and lawmakers agreed to a two-year budget package that was intended to close a deficit of $42 billion through mid-2010.

Declining tax revenue and overly optimistic assumptions about the tax increases they approved in February have reopened the state's deficit.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

      MORE POLITICS NEWS | TWEET@ABC30 | FREE ABC30 WIDGET
-----------------------------------------------------------------------------------------------
Sign up for Breaking News Alerts
Breaking News E-Mail Alerts | Text Message Alerts
-----------------------------------------------------------------------------------------------
More News on abc30.com
Local California/State | National/World | Weather | Entertainment | Business | | Sports | Health Watch | Consumer Watch | Mr. Food |
-----------------------------------------------------------------------------------------------

Copyright © 2021 KFSN-TV. All Rights Reserved.