Finally a budget!

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July 21, 2009

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.

Also on this episode

AirTalk on the Road

Terror in the Skies---Balancing Privacy and Security

AirTalk goes on the road to the Center for the Preservation of Democracy in Little Tokyo, in partnership with Community Advocates, Inc. Join Larry Mantle and a panel of experts address the constitutional and security issues at stake in securing commercial air travel.

Wed., March 17th, at 7:00 p.m

The event is free and open to the public. RSVP: airtalk@kpcc.org.
Click here for more info

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

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