It’s a year too late to save California from the dire consequences of the total failure of our elected leaders but the Sacramento Bee just reported there’s a state budget deal.
Here’s the Bee’s email alert, if anybody cares anymore:
Schwarzenegger have reached a tentative deal on closing the state’s
projected $40 billion budget gap, according to sources close to the
Staff members are still working out some drafting issues, one source said, but a vote is scheduled for Friday.
of the pact are still emerging, but the plan involves tax increases,
cuts and borrowing. The state also stands to receive billions in
federal stimulus money as the package approaches closure in Washington.
On Tuesday, sources said the plan would raise sales
taxes by one cent on the dollar, increase income taxes across the board
and hike the vehicle license fee from the current .65 percent of the
vehicle’s value to 1.15 percent.