Red Ink, Budget Cuts and Tax Loopholes
The state deficit has gone from 14 to 16 billion dollars. Neither Democrats nor Republicans like Governor Schwarzenegger’s budget, which would cut almost 5 billion from education alone. On Reporter’s Notebook, 48 state parks are slated for closure—at a savings of 13 million. We’ll hear from the campaign to keep them open.
From this Episode:
Anti-tax Governor Considers Closing Tax Loopholes
In January, with a 14 billion dollar deficit, Governor Schwarzenegger proposed a 10% cut in spending across the board including almost 5 billion from schools. Now the...