Word: budgeter
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Dates: during 2000-2009
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...bank is closed. Our credit is dried up," he says. But the crisis has not helped bind up the gaping political divisions over what to do about it. Democratic lawmakers have proposed cutting billions of dollars from the state's safety net and educational system to balance the budget. Governor Schwarzenegger says the cuts must go even deeper and joins legislative Republicans in refusing to raise taxes. On Wednesday, Schwarzenegger said, "Haven't we promised too much the last couple of decades?" (See pictures of the recession...
Conservatives view the budget crisis as an opportunity to slash California's spending back to the level it had reached 10 years ago. "Gross overspending and fiscal irresponsibility will not be tolerated by the people of California," says Senate Republican Leader Dennis Hollingsworth. Liberals, however, see this as an attack by the right on the public infrastructure that helped make California an economic giant, and an act of war against the poor and minority populations in particular...
...there a solution to California's dilemma? A number of reforms are receiving attention. On the tax and budget side, these include eliminating the need for a two-thirds majority vote on budget and tax matters and instituting a split-roll for property taxes that would allow homeowners to continue to pay according to the low rates mandated by Proposition 13, but require commercial property to be assessed at market value. To relieve the logjam in California politics, momentum is growing for an open primary system, in which the two top vote getters in the primary, regardless of party, would...
Business leaders and other civic leaders, meanwhile, are rallying behind the idea of a constitutional convention. That, of course, could be a can of worms. Erwin Chemerinsky, a leading constitutional scholar and dean of the University of California Irvine Law School, argues that advocates for budget sanity should first try a ballot measure to change the two-thirds vote requirement on budget and tax measures. "If a statewide initiative to eliminate the two-thirds majority requirement can pass, that will solve a lot of the problem," Chemerinsky says. "And then it makes sense to move on to a constitutional convention...
...University of California, Sokhoeun needs every penny of financial aid she can find. And that aid is almost certain to be cut in the coming round of budget slashing. The Cal Grant program is on the chopping block as Gov. Schwarzenegger proposes the elimination of grants for incoming freshman and the gradual phasing out of the program. Now Sokhoeun and thousands of outstanding students - the human capital for California's future economic growth - stand to see their dreams dashed...