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Sunday, May 25, 2008

Daniel Weintraub: California Budget 101: What went wrong, when

When Gov. Arnold Schwarzenegger signed the state budget last summer, he all but declared "mission accomplished" in his administration's biggest battle. The spending plan not only eliminated the state's perpetual deficit, he said, it also boasted a record $4 billion reserve. The state was fully funding education and public safety and repaying debt earlier than required, all without raising taxes....(more)
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