Governor Signs 2007-08 Budget

Governor Arnold Schwarzenegger signed the 2007-08 Budget into law on Friday, August 24. The Governor vetoed $703 million in General Fund spending, extensively cutting healthcare and socila service programs.

A new California Budget Project summary reviews the Governor’s vetoes, changes in the final budget agreement as compared to the plan passed by the Assembly in July, and reviews key policy changes in the budget.

To read more go to www.cbp.org

To link directly to the Governor’s summary of the 2007-08 Budget and a listing of his vetoes go to: http://www.ebudget.ca.gov/pdf/Enacted/BudgetSummary/FullBudgetSummary.pdf.