Jul 1, 2009
Story Timeline: 147 days
By Associated Press Wednesday, July 1, 2009 - Added 3m ago SACRAMENTO - Gov. Arnold Schwarzenegger has declared a fiscal emergency to address California’s deficit and has ordered state offices closed three days a month to save cash. The Legislature will have 45 days to send him a plan to balance the state’s budget, which ended the fiscal year with a $24.3 billion deficit. The shortfall is expected to grow by $7 billion because the...
[read full story]
powered by 