Budget Rests On $4.5 Billion Impasse

Summary


To anyone lower than Bill Gates or Warren Buffet on the financial food chain, $4.5 billion is a lot of money. Or is it?

It's a number to keep in mind this year because it represents the difference between what Gov. Arnold Schwarzenegger wants the state to spend in the 2005-06 fiscal year that begins on July 1 and what the Legislature's Democrats want to spend.

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Extract


Budget Rests On $4.5 Billion Impasse

Capitol journalists with a bent for arithmetic - of which there are few - took Schwarzenegger's revised budget, listened to the Democrats' rhetoric about its shortcomings and added up their wish lists to...

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