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...Sacramento, Schwarzenegger and Republican legislators have blocked all attempts by Democrats to cover any portion of the $26 billion shortfall with a tax increase. Tuition has more than doubled at the University of California in the past decade, rising to more than $8,700 for in-state students in fall 2009. Many of the budget cuts being negotiated behind closed doors will primarily affect the poor and the working class - including health coverage for the poor and the CalWORKs welfare-to-work program. But the severe funding reductions to public schools and to the university system - affecting not only...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...shortfall. Now, even as California continues to pay its bills with IOUs, the University of California, the nation's leading public university, is being forced to cut its budget by $813 million - or 20%. It is highly unlikely that these cuts will be reduced by a budget agreement in Sacramento...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...Sacramento A Race Against Time to Make Ends Meet In the hours before a July 1 deadline to pass budgets for the 2010 fiscal year, lawmakers in 10 states scrambled to make up for billion-dollar shortfalls by proposing everything from taxing cell-phone ringtones to closing state parks. While Mississippi, Indiana and Delaware made the cutoff, others did not. Ohio and Connecticut will keep the lights on without an official budget in place, while California, which faces a $24 billion deficit, announced plans to issue IOUs until representatives can resolve a legislative stalemate...

Author: /time Magazine | Title: The World | 7/13/2009 | See Source »

...Sacramento, which rises like the city of Oz on the flat plains of the California's Central Valley, Schwarzenegger has not underplayed the gory details. "Our wallet is empty, our bank is closed. Our credit is dried up," he says. But the crisis has not helped bind up the gaping political divisions over what to do about it. Democratic lawmakers have proposed cutting billions of dollars from the state's safety net and educational system to balance the budget. Governor Schwarzenegger says the cuts must go even deeper and joins legislative Republicans in refusing to raise taxes. On Wednesday, Schwarzenegger...

Author: /time Magazine | Title: California's Budget Crisis: Is There a Way Out? | 7/2/2009 | See Source »

...suddenly and wildly raising property taxes," says Bob Hertzberg, a former Assembly Speaker and co- chair of California Forward, a bipartisan reform group. "That was done. But we didn't resolve how to pay for the services that people want. So we have created this crazy government structure in Sacramento held together by duct tape and bailing wire. It's not coherent and needs to be changed...

Author: /time Magazine | Title: How California's Fiscal Woes Began: A Crisis 30 Years in the Making | 7/1/2009 | See Source »

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