
YES on Props 94, 95, 96 and 97
When Governor Schwarzenegger unveiled his proposed state budget earlier this month, it caused quite a stir. Instead of shrinking, the state deficit had increased to $14.5 billion, and it may end up higher than that by the June budget deadline. The state now faces a genuine fiscal emergency, and, like a broken record, many of my Democrat colleagues are calling for new taxes and fees to balance the books. I believe taxpayers are already doing their part with revenues up almost seven percent this year, but there is clearly a stark imbalance between spending and revenues. The state’s chronic budget problems are beginning to add up. This year the state must scramble to simply meet its cash flow needs, as lenders downgrade our debt and demand a budget in better financial shape. … Read More