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...takes arts organizations years to build quality programming, garner prestige and assemble and cultivate talent. Firing a violinist or two can be a staggering loss to the team. "You're looking at tough sacrifices," says Jack Fishman of layoffs, a spokesperson for the San Antonio Symphony. Its operating budget suffered a five-year setback, from a $6.6 million budget to $5.1 million. The solution? The symphony's 72 musicians agreed to swallow...

Author: /time Magazine | Title: Arts Groups in Tough Times Think Locally | 7/24/2009 | See Source »

...governments could collect a tax on even a fraction of pot sales, it would help rescue cash-strapped communities. Not surprisingly, the idea is getting traction in California, home to the nation's largest supply of domestically grown marijuana (worth an estimated $14 billion a year) and biggest state budget deficit (more than $26 billion...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

...July 20, Governor Arnold Schwarzenegger and California legislative leaders reached a tentative budget agreement to plug the state's deficit, but it would involve making sweeping cuts in education and health services as well as taking billions from county governments. Democratic state assemblyman Tom Ammiano has introduced legislation that would let California regulate and tax the sale of marijuana. The state's proposed $50-per-oz. pot tax would bring in about $1.3 billion a year in additional revenue. Ammiano's bill was shelved this session, but he expects to introduce a revised bill early next year. (See TIME...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

...Field Poll conducted in California this spring showed that 56% of the state's registered voters support legalizing and taxing marijuana as a way of offsetting some of the budget deficit. Several national polls have shown that more than 45% of American adults are open to legalizing pot, about double the support a decade...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

...Blue Dog Coalition, which consists of Democrats from less-than-liberal districts. Seven of the eight Blue Dogs on the crucial House Energy and Commerce Committee have threatened to block health-care legislation unless it puts a lid on costs. Resistance strengthened after the head of the nonpartisan Congressional Budget Office testified that the current House proposal would push costs up, not down, and would add some $240 billion to the federal deficit by 2019. That, in turn, has some Senators pushing back against the White House's early-August goal for passing health-care reform. With dissent spreading through...

Author: /time Magazine | Title: Why the Blue Dogs Are Slowing Health-Care Reform | 7/24/2009 | See Source »

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