California Cuts | Clipmarks


	California Cuts

Victoria Barret

5-14-2008 3:47 PM

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tags:

california, economy

Victoria Barret says:

Schwarzenegger wants you to buy a lottery ticket -- it's going to fund our budget shortfall.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c4daa7fc-23f0-4286-9498-9d4fed6d3a54/414C5634-F58D-4D7E-9CF2-27ADB8CECDDD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL" href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL" style="font-size: 11px;">www.sfgate.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL">Schwarzenegger plans to ask Wall Street investors to give California a lump sum of $15 billion in exchange for three years of the state lottery's revenue</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL">If voters reject the idea, the governor proposes a temporary 1 percent increase in the sales tax, which would expire in 2011.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL"><P>Schwarzenegger's revised plan abandons some of the controversial cuts he proposed in January, including the early release of 22,000 prisoners, the closure of dozens of state parks and deep cuts to education.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL"><P>The governor instead calls for increasing funding to education by $200 million over the current fiscal year, which ends June 30. But cost-of-living increases for schools would be withheld - an amount totaling about $4 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/13/MNGJ10M1AO.DTL">spokesman for the Department of Finance, believes the state's prison expenses can be shaved by as much as $300 million by the expected reduction in the number of inmates and parolees. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/414C5634-F58D-4D7E-9CF2-27ADB8CECDDD/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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