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California Budget

California's Budget Suffers 'Major Blow'

Bloomberg | William Selway and Michael B. Marois | Posted 05.25.2011 | Business

California's revenue collections trailed its forecasts by $1.1 billion during the first three months of the fiscal year, showing new deficits are emer...

Class Size Reduction Funds Slashed In CA Budget

California Watch | Posted 05.25.2011 | Los Angeles

For the first time since the program began 14 years ago, a California governor is planning on spending significantly less on California's popular, but...

California Watchdog: Historic Reviews Slow Stimulus

AP | TOM VERDIN | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — Dozens of construction projects funded with federal stimulus money are being delayed in California because the office that ...

California Faces $20B Deficits For Years To Come

AP | JUDY LIN | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — Despite multiple attempts to balance California's budget, the state can still expect to confront shortfalls approaching $20...

Little Support for Uncomfortable Remedies for California Budget Woes

Byron Williams | Posted 05.25.2011 | Politics
Byron Williams

With its constitutionally-mandated spending of 60 percent of the state's General Fund, lawmakers in California fight over the remaining 40 percent using a diminishing set of gimmicks to tout a budget deal.

Is Arnold Governor of a Girly-Man $tate?

Patt Morrison | Posted 05.25.2011 | Politics
Patt Morrison

Arnold Schwarzenegger has been complaining lately about the fact that, for every buck we Californians send to the federal coffers, we only get back about 78 cents in federal benefits.

Schwarzenegger To Propose Spending $500 Million For Worker Training | Michael Rothfeld | Posted 05.25.2011 | Los Angeles

Reporting from Sacramento - Gov. Arnold Schwarzenegger today will lay out plans to spend $500 million on worker training in an effort to create 100,00...

Schwarzenegger To Seek Federal Help for California Budget | Shane Goldmacher and Evan Halper | Posted 05.25.2011 | Los Angeles

Reporting from Sacramento - Facing a budget deficit of more than $20 billion, Gov. Arnold Schwarzenegger is expected to call for deep reductions in al...

In Support of a California Enterprise Commission

Bill Mundell | Posted 05.25.2011 | Politics
Bill Mundell

Incredibly, the state of California, the 8th largest economy in the world, doesn't have a complete balance sheet. It's not a question of bankruptcy, taxes, or services, but of redeploying the state's significant assets.

California Needs Multi-Billion Dollar Bailout From Federal Government

Wall Street Journal | STU WOO and JIM CARLTON | Posted 05.25.2011 | Los Angeles

Republican Gov. Arnold Schwarzenegger asked for $6.9 billion in federal funds in his state-budget proposal Friday and warned that state health and wel...

California Leaders Turn To Washington For Budget Help

San Francisco Gate | Wyatt Buchanan | Posted 05.25.2011 | Politics

California's political leaders, who are facing the daunting challenge of closing an estimated $20.7 billion budget deficit this year, are looking to W...

California, Here We Come -- If We Don't Change Our Budget Ways

Matt Sundeen | Posted 05.25.2011 | Denver
Matt Sundeen

The "change makes us California" story is intended to scare us, but like many good tales, it's blatantly untrue. Budget reforms will not transform us into the Golden State. Almost the opposite is true.

California Survivors of Domestic Violence Take Another Hit

Aryn Quinn | Posted 05.25.2011 | Politics
Aryn Quinn

In the past, Governor Schwarzenegger has championed the rights of victims of domestic abuse. But with a single callous act, he has compromised his legacy.

Stealing From California's Young People

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

By blocking any new revenue streams to fund higher education, Governor Arnold Schwarzenegger and the Senate Republican minority are not only taxing California's young people and their families, they are crippling the state's future.

Schwarzenegger Terminates Funding For Child Welfare, AIDS Prevention

AP | JUDY LIN | Posted 05.25.2011 | Politics

SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger signed a revised $85 billion budget Tuesday that he said contained "the good, the bad and the ug...

Congress Passes "Uncle Buck" Bill

Tom Gregory | Posted 05.25.2011 | Comedy
Tom Gregory

Congress has approved the "Cash For Clunkers" Bill. To qualify, drivers must admit to owning a vehicle whose appearance would be improved by an accident.

California Budget Has Oakland Schools Turning to an Unlikely Solution...Crayfish (VIDEO)

Youth Radio -- Youth Media International | Posted 05.25.2011 | Politics
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By: Austin De Rubira In Miranda Carrow's ...

California's Budget Crisis Turns Out to Be Great for Oil Companies. Weird.

Chris Kelly | Posted 05.25.2011 | Politics
Chris Kelly

We may never go to the moon again, but thanks to last night's California budget compromise, we're going to be drilling off Santa Barbara again. Who says America can't accomplish things anymore?

California Budgt Deal: Schwarzenegger, Legislature Agree On Plan To Close $26B Budget Deficit

AP | JUDY LIN | Posted 05.25.2011 | Politics

SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and California's legislative leaders agreed Monday on a plan to close the state's $26 billion bu...

California Lawmakers: 'Huge Progress' Made Over Budget

AP | STEVE LAWRENCE | Posted 05.25.2011 | Business

SACRAMENTO, Calif. — California officials hope to reach a deal Sunday on how to erase a $26.3 billion budget deficit that has forced the state t...

Schwarzenegger On California's Budget Battle: "It's Not A Game Of Chicken"

Financial Times | Matthew Garrahan and Lionel Barber | Posted 05.25.2011 | Business

Arnold Schwarzenegger faces the fight of his life. The "Governator", best known for slugging it out in Hollywood blockbusters as an indestructible cyb...

Talks Resume In Addressing California's $26B Deficit

AP | JUDY LIN | Posted 05.25.2011 | Business

SACRAMENTO, Calif. — Against a backdrop of IOUs and expanding government furloughs, Gov. Arnold Schwarzenegger and legislative leaders expressed...

California IOUs Spell Uncertainty For Small Businesses

AP | Michelle Locke | Posted 05.25.2011 | Business

BERKELEY, Calif. (AP) -- Business consultant Katrina Kennedy has taken her young son out of preschool and put a family vacation on hold. Dairyman Mike...

California Begins Its IOU Economy

San Jose Mercury News | Posted 05.25.2011 | Business

SACRAMENTO -- In a move certain to draw national ridicule and exact financial hardship on business owners and taxpayers across the state, California i...

California Deserves Better Than What Sacramento Gives

Byron Williams | Posted 05.25.2011 | Politics
Byron Williams

For decades, California lawmakers have put off difficult choices, using one-time gimmicks, while claiming balanced budgets. Our state engaged in its own version of a Ponzi scheme.