California Budget Thwarted by Voters

California budget measures voted down

I guess Schwarzenegger is just not as convincing in a tie.

Governor Schwarzenegger had high hopes when he laid out plans in the California for out to deal with his state’s huge deficit.

Turns out his hopes were too high. Voters rejected the California budget measures by a pretty hefty margin.

Read their lips: no new sales tax

One measure in the California budget would have “would have capped spending while extending a sales tax increase and boosting a rainy day fund,” according to Silicon Valley/San Jose Business Journal. About two-thirds of California voters rejected that measure.

On other measures, the Business Journal reports:

Sent to a defeat by a slightly smaller majority were measures to provide $9.3 billion in supplemental payments for local school districts and colleges, borrow $5 billion against future lottery revenue and shift revenue earmarked for mental-health and children’s programs to the general fund.

One gets by for the California budget

There was one California budget measure that voters approved just as quickly as you can get approved for a no faxing payday loan. That measure said there would be no pay raises for elected state officials as long as there is a budget deficit. ... click here to read the rest of the article titled "California Budget Thwarted by Voters"