spending cap
California lawmakers are warning that the state’s budget deficit could exceed $15billion if several budget related ballot measures fail at an upcoming special election. Six measures that include tax increases and spending cuts are going before voters in a May 19 special election.
Governor Schwarzenegger kicked off his campaign for a package of ballot measures he claims are necessary to fix the state’s budget woes. The measures, which will appear on a special May 19th ballot, will both cap spending and increase taxes.
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