Tuesday, July 21, 2009

Governator and legislators announce budget deal, but comes with a painful price.


From Schwarzenegger's twitter on Monday night:

http://twitpic.com/b2ffy - Just announced budget deal with legislative leaders. Vote later this week.about 3 hours ago from TwitPic

Schwarzenegger
Gov. Schwarzenegger

But, comes with a price to pay:

It includes about $15 billion in cuts, as well as borrowing from local governments and some gimmicks to generate revenue in the 2009-10 fiscal year that started July 1.

Education, schools, state and local government, poor, and programs for the school and poor are going to be widely affected.

Illinois governor Pat Quinn reached a deal in the budget last week. Click here to read more.

No comments: