SACRAMENTO (AP) — California lawmakers are preparing to meet again to consider California’s $24.3 billion budget shortfall before the state is forced to start issuing IOUs.
Both houses of the Legislature have scheduled Sunday night sessions, although Democrats and Republicans remain divided about how to solve the deficit. Timing is running short, with the new fiscal year beginning Wednesday.
Democrats met with Republican Gov. Arnold Schwarzenegger a day earlier. He offered new moneysaving proposals on funding state pension benefits and administering health and human services programs.
Democrats want to avoid IOUs being sent to state contractors by cutting $11 billion in spending and using other solutions to save cash. They would address the rest of the deficit later.
Schwarzenegger and Republicans want to address the entire deficit at once.
The Associated Press
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