Get Ready for Hard Times in Southern California
The latest economic forecasts are gloomy for California, where housing prices may not go up again for a long time. Also tonight, Governor Schwarzenegger vetoed 150 million dollars from the much-criticized budget. On Reporter’s Notebook, what will the financial crisis mean for billions of dollars in bonds being asked for on next months’ statewide ballot?
From this Episode:
Ballot Initiatives Face Uphill Climb
There are 12 propositions on next month’s statewide ballot and five of them call for new money. The biggest is Prop 1A, which would authorize almost 10 billion in bonds...