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Schwarzenegger To Reveal Deeper Budget Cuts

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May 26, 2009 11:24 am US/Pacific

Schwarzenegger To Reveal Deeper Budget Cuts

SACRAMENTO (AP) ― Gov. Arnold Schwarzenegger's takeaway message from last week's defeat of the special election ballot measures was "cuts, cuts, cuts." This week, he's following through.

The Republican governor will release a revised budget proposal for the coming fiscal year that makes nearly $6 billion in cuts on top of those he previously announced.

Among the propositions defeated by voters was one that would have raised $5 billion by borrowing against future lottery revenue. Two others would have transferred about $900 million next year from early childhood and mental health funds.

Defeat of those measures means the budget deficit has ballooned to $21.3 billion, although the nonpartisan legislative analyst says it actually be will $3 billion higher.

The extra cuts Schwarzenegger will announce Tuesday are in place of his earlier plan to borrow $5.5 billion.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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