Schwarzenegger to sign budget this morning

Fri, Feb 20 2009 — Source: Los Angeles Times

Gov. Arnold Schwarzenegger  this morning is planning to sign the budget package passed by lawmakers that ended the state’s slide toward insolvency and three months of Capitol gridlock.

The spending plan wipes out a nearly $42-billion projected deficit with tax hikes, deep program cuts and borrowing. It hinges on $5.8 billion contained in several ballot measures that voters must consider May 19 in a special election….(READ MORE)