Go Back   Two Wheel Fix > General > News Desk

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 12-09-2010, 01:30 AM   #1
101lifts2
WSB Champion
 
101lifts2's Avatar
 
Join Date: Nov 2008
Location: Anaheim, CA
Moto: 2009 Kawi ZX6R
Posts: 5,570
Default CA Declares State of Fiscal Emergency...

Still a 19 billion shortfall with no way to pay after 1/1/11.....fuckin liberals...


http://nation.foxnews.com/california...tate-emergency

Schwarzenegger Declares Fiscal State of Emergency

California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall.

The deficit is 22 percent of the $85 billion general fund budget the governor signed last July for the fiscal year that ended in June, highlighting how the steep drop in California's revenue due to recession, the housing slump, financial market turmoil and high unemployment have slashed its all-important personal income tax collection.

In the declaration, Schwarzenegger ordered three days off without pay per month beginning in August for tens of thousands of state employees to preserve the state's cash to pay its debt, and for essential services.
__________________
Train Hard

Ron Paul - 2012

Mark of Excellence
GM
101lifts2 is offline   Reply With Quote
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 12:12 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.