WEB EXTRA: GOV'S BUDGET PLAN

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WEB EXTRA: GOV'S BUDGET PLAN

By Geoff Roth

Story Published: May 14, 2008 at 6:03 PM EDT

Story Updated: May 15, 2008 at 2:53 AM EDT

Gov. Arnold Schwarzenegger has issued his revised budget proposal for the new fiscal year. The governor is now predicting a budget shortfall of $17.2 billion. The biggest proposal in the revised budget is a plan to borrow from the state's lottery proceeds to help balance the budget. He also is abandoning proposals for early releases of some non-violent prisoners, closing of some state parks, and some of his proposed education budget cuts. He is proposing deeper cuts in Health and Human Services programs.
This is the governor's entire announcement today about his budget plans.
To see the entire proposed budget revision click here:
"Governor's Revised Budget Proposal"

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