Following the long-awaited agreement on closing the California budgetary gap, the Los Angeles County Board of Supervisors voted Tuesday to sue state lawmakers if they pursue their plans to use city highway and redevelopment taxes to cover the state deficit. The supervisors are also looking into the legality of some of the proposed cuts, which greatly affect those who need help the most.
Californians gave the electoral finger to Gov. Arnold Schwarzenegger on Tuesday when they voted against five ballot measures intended to fix the Golden State’s budget drama by increasing taxes, redistributing state funds and borrowing money. On top of already double-digit unemployment, a plummeting housing market and an eroding educational system, the state now faces a budget gap of more than $21 billion.
California is running short on cash fast -- $23 billion short. According to chief legislative budget analyst Mac Taylor, the Golden State may not have enough moolah to keep it going through July, and this after across-the-line tax hikes approved in the February budget package.