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• 30 Apr 08
  

  Alice Mercer

  week18 budget

  • The budget deficit could actually be much higher than Gov. Arnold Schwarzenegger suggested last week, his aides said today.

      

    Schwarzenegger "misspoke" when he framed the 2008-09 budget deficit as a $10 billion problem, according to his communications director, Matt David. Instead, the governor intended to say the 2008-09 budget deficit could be $10 billion higher than the original estimate, for a total of $17.4 billion, David said.

  • The Republican governor is scheduled to release his revised budget proposal May 14, which should render all of the pre-estimates moot.

      

    Some suspect the governor may be shooting high with his estimates to gain leverage in negotiations over revenue increases or a long-term budget reform plan. If more people believe the budget problem is severe, the governor has a better case to make.

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