The Governor and four legislative leaders have reached agreement on how to make up California's $26 billion shortfall. The deal calls for $15 billion in cuts, taking almost $4 billion from local governments and speeding up tax collections. Now legislators of both parties have to decide whether to support or oppose it. Democrats have the majority in both houses, but not enough to provide the necessary two-thirds for passage, so Republican votes will be required.
The 'Big Five' Make a Deal: A Painful Budget in Sacramento
Credits
Guests:
- Bonnie Lowenthal - State Assemblywoman (D-Long Beach)
- Chuck DeVore - Candidate for Republican nomnation for US Senate
- Zev Yaroslavsky - former member of LA City Council and LA Board of Supervisors; author of “Zev’s Los Angeles: From Boyle Heights to the Halls of Power” - @ZevYaroslavsky
- Dan Walters - Journalist, CalMatters - @DanCALmatters