Day 17: Fiscal Year 2009-2010

Glenbrook, Nevada, Lake Tahoe

7:05 PM, Pacific Standard Time 

As of this hour, no deal has been consummated between the governor and the Legislature over closing an estimated $26 billion hole in the budget for the fiscal year that began July 1.

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Gov. Arnold Schwarzenegger met with legislative leaders late in the afternoon to try to resolve their differences, which appear to revolve principally over how to repay schools money the state has shorted them over the past two years – at least $9.3 billion and possibly over $11 billion — under the terms of Proposition 98, the 1988 ballot measure that dictates the state’s annual contribution to public schools.    Read more »

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Day 15: Fiscal Year 2009-2010

GLENBROOK, NEVADA, LAKE TAHOE

5:45 PM, Pacific Standard Time 

No deal struck between the governor and the Legislature on closing an estimated $26 billion hole in the budget for the fiscal year that began July 1.

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Various media reports say, generally:

 1) The governor and the Legislature are $400 million apart on closing the gap.    Read more »

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A Recent Budget Alert from the California State Association of Counties

“It appears that legislative leaders and the governor are very close to resolving the state’s $26+ billion budget deficit.  Local government proposals are among the outstanding issues yet to be finalized.  Here is what we know are potential options: 

“Proposition 1A suspension: Estimated $2B suspension with the option to securitize the state’s repayment.”    Read more »

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E-Mail from Assembly GOP Leader Sam Blakeslee to His Caucus

We broke our Big 5 meeting just a few moments ago. It’s clear that we are very close to obtaining as good a deal as we are likely to get given the state of negotiations and the leverage available to us with unified rep caucuses and a sympathetic governor.

There remain a few important outstanding questions and no deal is yet inked.    Read more »

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Day 15: Fiscal year 2009-2010

Glenbrook, Nevada, Lake Tahoe

4:58 PM, Pacific Standard Time 

No deal was struck between the governor and the Legislature on closing an estimated $26 billion hole in the budget for the fiscal year tha began July 1.

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Gov. Arnold Schwarzenegger and legislators met privately late into the evening July 14 and reconvened late afternoon July 15.     Read more »

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Day 14: Fiscal Year 2009-2010

SACRAMENTO

5:05 PM, Pacific Standard Time

No deal between the governor and the Legislature on closing an estimated $26 billion hole in the budget for the fiscal year that began July 1.

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Weather in Tahoe gorgeous. Luck be a lady tonight.

-30-    Read more »

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Day 13: Fiscal Year 2009-2010

SACRAMENTO

4:57 PM, Pacific Standard Time 

No deal was reached between the governor and the Legislature on closing an estimated $26 billion hole in the budget for the fiscal year that began July 1.

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Gov. Arnold Schwarzenegger released a 60-second television ad paid for with his political funds in which he reiterates his pledge to veto any budget proposal containing tax increases.    Read more »

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Day 10: Fiscal Year 2009-2010

SACRAMENTO

3:42 PM, Pacific Standard Time

No deal between the governor and the Legislature on closing the estimated $26 billion hole in the budget for the fiscal year that began July 1.

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Legislative leaders met privately with Gov. Arnold Schwarzenegger to discuss the budget.

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The Legislature was adjourned until Monday July 13.    Read more »

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Day Nine: Fiscal Year 2009-2010

SACRAMENTO

4:45 PM, Pacific Standard Time

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No deal between the governor and the Legislature on closing an estimated $26 billion hole in the budget for the fiscal year that began July 1.

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The Senate scheduled a 9:00 am floor session then adjourned until Monday, July 13.

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The Assembly scheduled a 9:30 am floor session then adjourned until Monday, July 13.    Read more »

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Day Eight: Fiscal Year 2009-2010

SACRAMENTO

5:05 PM, Pacific Standard Time

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 No deal reached to close an estimated $26 billion hole in the budget for the fiscal year that began July 1.

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Gov. Arnold Schwarzenegger held a noon press conference to outline changes he wants to make to the state’s welfare system. Among them, tougher sanctions for recipients who don’t meet the program’s requirements.     Read more »

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