久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>World
         
 

Schwarzenegger signs US$105b California budget
(Agencies)
Updated: 2004-08-01 09:56

A year after California's tumultuous gubernatorial recall brought on by its financial woes, Gov. Arnold Schwarzenegger on Saturday signed a budget that is balanced for the current year but relies on debt financing.

The US$105 billion spending package avoids new taxes -- a Schwarzenegger pledge -- but uses US$11.3 million borrowed through bond sales to help pay this year's bills as well as past years' debts.

Schwarzenegger had pledged to stop deficit spending in the state, whose economy is among the five or six biggest in the world.

"When I first presented my budget last January I said that we have to have a responsible budget so we can take California out of the poor house and make it again a powerhouse," the Hollywood star turned politician said at the state capitol before signing the budget.

The Republican governor said the budget achieved all that he had promised -- it was balanced, it made cuts but protected essential services and it did not raise taxes.

But shortly after he signed the document, Democratic critics argued that Schwarzenegger had broken his campaign promises.

"With his signature on this budget, Gov. Schwarzenegger has broken his word to the people of California to end deficit spending," said state treasurer Phil Angelides.

He estimated the state would use US$7 billion in debt financing to balance this year's budget.

In March, the governor asked Californians to pass a $15 billion bond measure to be used largely to finance prior years' debts with a small amount to be used in the new budget.

Lt. Gov. Cruz Bustamante -- Schwarzenegger's most ardent rival in last year's gubernatorial campaign -- said "the governor applauds himself on signing a budget that violates his own budget principals."

The 2004-2005 budget cuts some spending on education, transport, health care for the indigent and financial support for counties and municipalities. But it does not dig as deeply into these programs as once proposed.

County and municipal governments won a guarantee that their future sales tax revenues were protected from the state's reach and any reallocation of property taxes would require a two-thirds legislative vote.

Los Angeles Mayor Jim Hahn, who was a negotiator on the municipal finance portion of the budget, said: "Having the governor with us, on the ground, allowed us to reach a deal that was good for local government and will ensure our viability in the future."

State Assembly Republican leader Keven McCarthy said, "It took us five years to get into this mess and in nine short months he is moving us in the right direction."

The budget, a compromise between Schwarzenegger and the Democratic-controlled legislature, was signed after weeks of bitter wrangling in the state capitol and a month past the legislation's deadline.



 
  Today's Top News     Top World News
 

Defence minister: Army to smash any independence plot

 

   
 

War against porn website in full swing

 

   
 

Foreign banks share RMB profits

 

   
 

Iraqi militants claim to kidnap two Turks

 

   
 

Hu: China to resolve Taiwan peacefully

 

   
 

WTO OKs plan to end farm export subsidies

 

   
  Iraqi militants claim to kidnap two Turks
   
  WTO strikes trade deal
   
  Schwarzenegger signs US$105b California budget
   
  Head of Iraq teacher's institute killed
   
  WTO seen on verge of new trade deal
   
  Sudan says it accepts UN resolution on Darfur
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  How Kerry Can Beat Bush  
Advertisement
         
主站蜘蛛池模板: 亚洲的天堂 | 亚洲国产精品日韩在线 | 成人www视频网站免费观看 | 亚洲天堂成人在线观看 | 国产成人无精品久久久久国语 | 欧美一区二区三区精品国产 | 亚洲天堂视频在线观看 | 一级片免费观看视频 | 久久精品香蕉 | 日韩欧美一区二区精品久久 | 日本草草影院 | 麻豆国产96在线 | 日韩 | 亚洲欧美日产综合在线看 | 欧美一线免费http | 国产情侣无套精品视频 | 日本加勒比高清一本大道 | 国产精品线在线精品国语 | 国产精品大全国产精品 | 日本成人免费观看 | 国产美女一级视频 | 国产精品久久免费观看 | 日日狠狠久久偷偷四色综合免费 | 中国一级毛片欧美一级毛片 | 九九毛片 | 久久r这里只有精品 | 越南高清幻女bbwxxxx | 正在播真实出轨炮对白 | 亚洲综合久久久久久888 | 精品欧美一区视频在线观看 | 成人免费在线网站 | 黄影院| 一级毛片私人影院免费 | 蕾丝视频永久在线入口香蕉 | 男女上下爽无遮挡午夜免费视频 | 精品国产高清在线看国产 | 美女作爱网站 | 国产一区二区在免费观看 | 日本黄网站高清色大全 | 99草精品视频 | 99久久精品国产亚洲 | 私人玩物福利 |