Calif. Leaders: We're Making Progress On $26B Gap

SACRAMENTO, Calif. -- Gov. Arnold Schwarzenegger and California's legislative leaders say they are making steady progress on the state's $26.3 billion budget mess.

Negotiators are scheduled to resume a third day of closed-door meetings Sunday at the Capitol.

Leaders say they're so optimistic that they are even raising the possibility of a deal in the coming week.

They are expected to continue discussing the governor's social service reform proposals.

They also need to sort out public education funding, which is the largest component of general fund spending.

The possibility of a breakthrough comes a week after the state began issuing IOUs to thousands of vendors as a cash-saving move.

State workers are also taking three days off a month without pay in a move that cuts their salaries by 14 percent.

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  • by Obama Snake Oil Co Location: Washington on Jul 12, 2009 at 01:51 PM
    Anonymous, republicans? I am a democrat and will tell you this is our party. You know, tax and spend. Well, now we are tax and spend out of oblivion and you are proud of that? You blame republicans for democratic houses that have control. Learn a little about politics my friend. Did you forget that Obama has spent more in 6 mos than ole George did in 8 years with two wars going on? Wow! NC is worse off since dems control both houses and Bev in office. Maybe you haven't notice ALL THE NEW TAXES. Well, then maybe you aren't paying attention to WITN, the internet, other TV stations, Radio, Newspapers, Other people. Get out of the house once and awhile. Are you aware that we now own car companies, banks, insurance companies and houses? Compliments of the chosen one and his socialist party. You voted for it, now take your lumps. Next time remember, if it looks like a terd, probably is one.
  • by Alex Location: Vanceboro on Jul 12, 2009 at 12:27 PM
    California has been in the hands of the Democrats for over 30 years. when we hand the control of our state to these morally bankrupt people this is what we are always going to get.
  • by Anonymous on Jul 12, 2009 at 10:19 AM
    thats what happens when a republican runs your state. north carolina's mess is nowhere near the size of this one.....
  • by MrT Location: LaNC on Jul 12, 2009 at 09:44 AM
    Obama is using California as a role model for what he wants to turn America into.

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