Equipment Type

New But Late 2008-2009 California Budget Enacted

The 2008-2009 budget partisan dogfight was one for the record, lasting nearly three months. Republicans and Democrats ...

September 24, 2008

The good news for the infrastructure construction industry is that transportation funds are intact at $13 + billion this year. After last minute cuts by the Governor, California’s $103.4 billion general fund budget is only $68 million above last year's $103.3 billion spending. The record $15.2 billion deficit has been closed but next year’s budget is expected to also show a shortfall.

At a news conference after the signing, the Governor said, "I think that we have a historic budget reform in place. We did a $12.5 billion rainy day fund that we start now accumulating. But what is wrong is to drag out the budget process for three months; and what is also wrong is to not be able to go and resolve and solve the most important issue, which is the structural deficit."

The 2008-2009 budget partisan dogfight was one for the record, lasting nearly three months. Republicans and Democrats agreed to at least provide a "rainy-day fund" the Governor asked for. He had threatened to veto hundreds of bills awaiting his signature if not. The newly enacted budget can be viewed at www.ebudget.ca.gov/

More like this

Comments on: "New But Late 2008-2009 California Budget Enacted"

Overlay Init