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Bailout

: Calculated Risk

California: "Absolutely terrible" budget cuts to be announced at 4 PM ET

By Anonymous

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There will be a live webcast of Governor Schwarzenegger's comments here on the new budget that his office says includes "absolutely terrible cuts".

From the LA Times: Schwarzenegger's revised budget plan is expected to eliminate health programs

Administration officials declined to reveal which specific programs the governor would eliminate. But officials involved in the budget process, who spoke on condition of anonymity because they are not authorized to speak publicly, said they would probably include home healthcare for the elderly and disabled, a nearly $2-billion program that serves 440,000 Californians.
From the SacBee: Schwarzenegger's prison plan would move nonviolent felons to county jails
Gov. Arnold Schwarzenegger will revive a plan to house 15,000 nonviolent felons in county jails instead of state prisons, a cost-cutting move that likely would result in some inmates leaving jail early. ... His office warned earlier this week that the package will contain "absolutely terrible cuts" to shrink a nearly $20 billion deficit.
The cutbacks and layoffs continue for many state and local governments.

Full post as published by Calculated Risk on May 14, 2010 (boomark / email).

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