30 years of commitment
Chemical Industry Council of California

Governor Signs State Budget with Budget Reform


Posted 09/23/08
 

 

 

Governor Arnold Schwarzenegger today signed the 2008-09 state budget, concluding a very difficult budget year and delivering a real win for Californians with a proposal to achieve meaningful budget reform. It addresses California's $15.2 billion budget shortfall with a combination of cuts and increased revenues.

 

It fully funds education's Proposition 98 guarantee and does not borrow funding from voter-approved local government or transportation funds. The historic budget reform package includes a strong rainy-day fund aimed at helping smooth out the unpredictable highs and lows in revenues that plague our state and create massive deficits.  Read more about the budget

 

 

 

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