четверг, 15 марта 2012 г.

California budget perpetuates deficit spending

SACRAMENTO, Calif. (AP) — Even as California lawmakers passed a budget Friday to end an unprecedented 100-day impasse, their spending plan looked to be so tenuous that the next governor was expected to face a multibillion dollar deficit from the moment he or she steps into office next year.

Two-thirds of the budget solutions signed by Gov. Arnold Schwarzenegger on Friday afternoon are based on one-time or temporary money — some of which may never materialize.

That will leave California to face "sizable annual budget problems in 2011-12 and beyond," the Legislative Analyst's Office said in a report issued after the Senate passed the main budget bill earlier …

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