"County officials were stunned on Monday when Governor Schwarzenegger revealed that the black hole in the state budget for the 2009-10 fiscal year had grown to $15.4 billion; or $21.3 billion if the May ballot measures fail to pass. The figures were revealed in a letter to the Legislative Leadership and reported by KQED. CSAC is attempting to obtain a copy of the letter.
This revelation comes as the Administration is preparing to release the summaries of two approaches to the May Revision; one if the ballot measures pass and one if they do not."
Ref:
Sacbee.com: Governor lays out budget cuts this week - before May 19 vote
(http://sacbee.com/latest/story/1852059.html)
CSAC.counties.org: May 8/09
(http://www.csac.counties.org/)
PublicCEO.com: 'SUSPENSION OF PROPOSITION 1A REAL OPTION'
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