Finally a budget!
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Governor Schwarzenegger and state lawmakers reached an agreement to close California's $26 billion deficit yesterday. If the plan passes through both houses of the Legislature, the state would borrow money from local governments and cut $15 billion from education, state prisons, and Medi-Cal. The deal would also position the state to stop issuing IOUs to pay for its bills. But with the economic downturn and a decline in tax revenue, it is expected that California will face multibillion dollar deficits into the future. Larry Mantle gets the details on the budget deal.
Julie Small, KPCC's State Capital Reporter
Karen Bass, Democratic State Assemblywoman and Speaker of the Assembly, State of California, 47th District
George Runner, State Senator, R-Lancaster, District 17
Jack O’Connell, State Superintendent of Public Instruction for the state of CA
Dan Walters, political columnist, Sacramento Bee
Jean Ross, Executive Director of The California Budget Project
Joe Matthews, Irvine Senior Fellow at the New America Foundation
- AirTalk for July 21, 2009
- Finally a budget!
- Swine flu update
- In-N-Out Burger
Also on this episode
Events
Film Week Oscar Preview
Sunday, February 19, 2012
1 p.m.
- 3 p.m.
It’s a hit with boffo box office! The 10th annual “Film Week on AirTalk” Academy Awards preview is coming to the historic Egyptian Theater on Hollywood Boulevard, Sunday, February 19th. The full cast of “Film Week” critics joins Larry Mantle to debate which nominees should take the top categories. Audience ... » More info
