CALIFORNIA BRIEFING / SACRAMENTO
- Share via
Gov. Arnold Schwarzenegger on Tuesday predicted a new round of budget cuts as the state’s finances remain shaky despite large spending reductions made by the governor and lawmakers in July.
At a news conference and at the Fresno Bee’s editorial board Monday, Schwarzenegger said the current fiscal year’s budget is $5 billion to $7 billion in the red, on top of the $7.4-billion deficit projected by his aides for the fiscal year that will begin in July.
The governor said he would reveal his specific plans to deal with the problems in January. But he said that, as in the past, no program would be immune from the budget knife.
-- Michael Rothfeld
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
