December 1, 2008

Schwarzenegger declares emergency

According to CNN: “California Gov. Arnold Schwarzenegger on Monday declared a fiscal emergency, calling for fast legislative action to alleviate the state’s $11.2 billion shortfall in revenue.

“Without immediate action our state is headed for a fiscal disaster and that is why with more than two dozen new legislators sworn in today – I am wasting no time in calling a fiscal emergency special session,” Schwarzenegger said in a news release.”

1 Comment »

  1. […] corporate lay offs right here in our backyard (SD SF), government deficits are resulting in lay offs in CA, and did you know Mervyn’s is closing its […]

    Pingback by 14 Days and Counting - Get Your Box Out « Geary Interactive Community Service Committee — December 4, 2008 @ 11:26 am | Reply

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