Education News in Brief

California Lawmakers Agree on Plan to Close Budget Deficit

By The Associated Press — February 23, 2009 1 min read
  • Save to favorites
  • Print

California lawmakers last week approved a plan to close a $42 billion budget deficit after an epic impasse that involved several all-night sessions as the state hovered on the brink of economic disaster.

Deep cuts were still expected to education, health care, social services, and programs that help the poor get off government benefits. The state’s budget for fiscal 2009 is $119 billion.

Gov. Arnold Schwarzenegger praised the effort to forge a compromise on the package of bills that raises taxes and cuts spending in the world’s eighth-largest economy. Lawmakers in his own Republican Party had held up the legislation over their opposition to tax increases.

Both houses of the legislature got the bare minimum of votes to reach the two-thirds requirement needed to pass the package, which includes $12.8 billion in tax hikes, $15.1 billion in cuts, billions in borrowing and measures intended to stimulate the state’s economy.

If the economy doesn’t significantly worsen, the plan is intended to balance the state’s budget through June 2010.

A version of this article appeared in the February 25, 2009 edition of Education Week

Events

School Climate & Safety K-12 Essentials Forum Strengthen Students’ Connections to School
Join this free event to learn how schools are creating the space for students to form strong bonds with each other and trusted adults.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Reading & Literacy Webinar
Creating Confident Readers: Why Differentiated Instruction is Equitable Instruction
Join us as we break down how differentiated instruction can advance your school’s literacy and equity goals.
Content provided by Lexia Learning
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
IT Infrastructure & Management Webinar
Future-Proofing Your School's Tech Ecosystem: Strategies for Asset Tracking, Sustainability, and Budget Optimization
Gain actionable insights into effective asset management, budget optimization, and sustainable IT practices.
Content provided by Follett Learning

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: April 17, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: March 20, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: March 13, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: February 21, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read