The most recent proposal to close California’s $40 billion budget deficit continues to evolve. Lawmakers also are waiting to see how much federal money California will receive under the federal stimulus bill. Here are provisions in the latest budget proposal: Reduces education spending by $8.6 billion over two years. Imposes 10 percent cut to University of California and California State University systems.

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by AP, The San Jose Mercury News.

Posted: February 12th, 2009, by: admin. Categories: . Awaiting Comments.