Governor meeting with legislative leaders to find solutions to shortfall in state income, propose cuts to services.
Legislators may be
called back to Sacramento to make more cuts or
find a solution to the state’s budget shortfalls because of the current
economic climate. Governor Arnold Schwarzenegger is awaiting response to a
letter sent to Treasury Secretary Henry Paulson asking for federal help to the tune
of $7 billion, but even that loan may not be enough to cover a drop in sales
tax and a rising unemployment rate.