Gov. Arnold Schwarzenegger signed a package of budget bills this morning, adding $656 million in line item vetoes to the already drastic reductions made in the 2009-10 state budget revision sent to him by the Legislature late last Friday. "We are not out of the troubled waters yet," he said."We are ready if our revenues drop further to make the necessary cuts to again live within our means." Many of the items he blue-penciled will further shift unfunded responsibility for critical community needs from government to nonprofits.
Details: http://www.ebudget.ca.gov/Enacted/BudgetSummary/BSS/BSS.html
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