Second Budget Compromise Reached
Legislature Approves Budget - Sends to Governor - Updated 09/22/08
GOVERNOR SCHWARZENEGGER: "I'm very glad that the legislature has finally agreed to improve the budget and to end this long impasse so that California can again pay its bills. Passing the budget, I think, was a huge accomplishment not because they got rid of the structural problem that we have, because they did not but there were great things accomplished.
First of all, we were able to push back on various different things that they had in mind in order to fill the budget hole. We pushed back so they didn't take local money. We pushed back so that they didn't take transportation money. We also pushed very hard back that they didn't take the people's paychecks and take money out of their paychecks and we replaced the fake budget reforms with real budget reforms that have teeth. These will finally put the California budget on a path towards long-term stability."
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