Tens of Thousands of Teachers Toast!!!!!!!!!!!!!!!!!!
CALIFORNIA REJECTS GOVERNATOR!!!!!
Unless a compromise is struck by the end of June, the state could have trouble paying its bills by the end of July.
Political observers say Schwarzenegger and lawmakers will have little choice but to go after even politically sacred programs such as schools. An unusually high two-thirds vote threshold in the Legislature for passing budgets and partisan polarization could combine for a painful summer.
"The choices facing the governor and Legislature are daunting," said Jack Pitney, a political science professor at Claremont McKenna College in Southern California. "Democrats have taken heat for accepting spending cuts. Certain Republicans have taken heat for accepting tax increases, and the heat's only going to get more intense this summer."
Many Californians have been hearing about the state's budget problems but have yet to feel the severity of the crisis. That will soon change, Pitney said.
"For a lot of people, the budget's been an abstraction. But with the next round, there will probably be serious consequences, particularly in the schools," Pitney said.
Last week, the governor said he will consider shortening the school year by seven days, laying off up to 5,000 state employees and taking money from local governments, which likely would translate into cuts to police and firefighting services.
Tens of thousands of teachers also face the prospect of layoffs.
When Alstry tells you it has NEVER been like this before.......that is the truth!!!!!!
Local governments already face HUGE budget shortfalls as well without further cuts from the state. The deficit is soooo LARGE, the structure of CA's economy is broken. CA is simply the largest and most visible problem facing state and local governments across America.
This could very well be the BIGGEST single economic issue of the Summer and likely be a template of things to come.
Pay attention to this story....in one way or another.....it could impact your current economic in a very significant manner.
Now we will learn if our state and local governments are broke........how will we be affected???