Word: sacramento
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While homeowners celebrated, city, county and school district officials sat in stunned disbelief. There were predictions of drastic cuts to education and social services. But the ax did not fall as Sacramento, flush with a multibillion-dollar surplus, bailed out local governments and the schools. But the state rescue was accompanied by a loss of local control. As a result of Proposition 13, school districts, county governments and cities were forced to compete with state priorities for a slice of the state budget...
...Stout Defense Thanks for Joe Klein's "Gates Unbound," on Secretary of Defense Robert Gates [June 8]. Finally, someone who is putting the troops first. Jack Quartaroli, Sacramento, Calif...
Thanks for Joe Klein's "Gates Unbound," on Secretary Robert Gates [June 8]. Finally, someone who is putting the troops first. Jack Quartaroli, SACRAMENTO, CALIF...
...five years ago. Californians have approved a $9 billion bond issue to finance an ambitious 800-mile network that could ultimately cost as much as $45 billion and would not only zip passengers between Los Angeles and San Francisco in less than three hours but would ferry them to Sacramento and San Diego as well...
...week, however, the Obama Administration said it was not going to do anything to help California right now, believing that the state should try to get its budget mess in order first. There are good reasons for the Treasury not to rush to California's aid. If it backstops Sacramento, rewarding the state's bad behavior, it would set an example for other states to follow. A nightmare scenario: the Federal Government backs California's loans, which leads to a downgrading of the Treasury's credit rating and the unnerving of the global credit markets. Spooked, the Chinese government, which...