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International Law

: Transnational Law Blog

A Proposed Solution for California Budget Crisis

By John Dermody, Travis Hodgkins, and Nema Milaninia

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People pointed to California's divided government and the supermajority law, which requires the legislature to adopt a budget with a two-third vote as reasons that cause the ongoing budget crisis in the Golden State over the last decade. The budget, which was passed by Arnold Schwarzenegger on July 24 of this year was said to virtually guarantee another fiscal crisis next year despite the fact that it comprises $15 billion in service cuts, including $8.1 billion in education cuts. This is not to mention that California budget shortfall is projected to top $40 billion over 2009-2010 fiscal years. In searching...

Full post as published by Transnational Law Blog on September 10, 2009 (boomark / email).

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