Monday, December 8, 2008
Acting Governator Declares Emergency in CA
Governor of California Arnold Schwarzenegger declares that CA is in a financial disaster. With a current deficit of $11.2 billion dollars and a gap in revenue of over $25 billion, the Governor has decided against getting emergency help from the federal government. Schwarzenegger's plan is to raise sales tax in the state, increase cost in vehicle registration, reduce spending on CA education, reduce spending in low income services and an economic stimulus program.