1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

State passes plan to close $42B deficit

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Feb 20, 2009.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

    28,030
    13,840
    113
    Nov 22, 2007
    So. Cal
    http://www.nctimes.com/articles/2009/02/20/news/state/z516207d782a4e52988257563000a062e.txt

    Both houses of the Legislature got the bare minimum of votes to reach the two-thirds requirement needed to pass the package, which includes $12.8 billion in tax hikes, $15.1 billion in cuts, billions in borrowing and measures intended to stimulate the state's economy.

    In exchange, he won major concessions from Democrats and the governor. Maldonado was able to strip out a 12-cent-a-gallon gas tax from an earlier version of the package and have two measures placed on a future ballot: One seeks fully open primary elections and another would freeze lawmakers' pay when the state runs a deficit. He also got $1 million for office furniture in the controller's office deleted.
     
  2. UCF FINatic

    UCF FINatic The Miami Dolphins select

    5,783
    1,931
    113
    Apr 17, 2008
    "$12.8 billion in tax hikes"

    .....great :pity:
     

Share This Page