NAVIGATION MAIN MENU

COMPENDIUM LIBRARY/TWITTER MONITOR
VIDEO GALLERY
Economic News
Newsbrief Archives
Democrat Leadership Twitter and Realtime Feeds
Cabinet twitter and realtime feeds
North America weblog
International weblog
Democrats twitter directory
Latest Government Jobs and Public Tenders
Jobs Matrix
Global Travel Information
Pop Entertainment Forum
Start Portal


Please make a donation to support upkeep of the daily news journal, back archives, twitter feeds and the compendium library.










Fiscal emergency in California

Daily newsbrief journal for December 2008, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Fiscal emergency in California

Postby admin » Thu Feb 09, 2012 10:18 am

Fiscal emergency in California
« Thread Started on Dec 1, 2008, 7:04pm »

--------------------------------------------------------------------------------
Fiscal emergency in California
Posted: 05:40 PM ET
(CNN) — California Gov. Arnold Schwarzenegger on Monday declared a fiscal emergency, calling for fast legislative action to alleviate the state’s $11.2 billion shortfall in revenue.

“Without immediate action our state is headed for a fiscal disaster and that is why with more than two dozen new legislators sworn in today — I am wasting no time in calling a fiscal emergency special session,” Schwarzenegger said in a news release.

Under the state’s Proposition 58, lawmakers will have 45 days to pass measures on resolving the fiscal crisis, and if at the end of that time they have not, the legislature will not be allowed to adjourn or act on other bills until they do, according to the governor’s office.
admin
Site Admin
 
Posts: 82092
Joined: Fri Nov 27, 2009 7:00 am

Return to December 2008

Who is online

Users browsing this forum: No registered users and 1 guest

cron