SACRAMENTO, California (Reuters) – California Gov. Arnold Schwarzenegger unveiled on Wednesday a revised $144.35 billion budget plan for the state’s next fiscal year that proposes using state lottery revenues to back bonds whose proceeds would help close a $17.2 billion shortfall and build a rainy-day reserve.
Schwarzenegger urges lottery bonds for budget
SACRAMENTO, California (Reuters) - California Gov. Arnold Schwarzenegger unveiled on Wednesday a revised $144.35 billion budget plan for the state's next fiscal year that proposes using state lottery revenues to back bonds whose proceeds would help close a $17.2 billion shortfall and build a rainy-day reserve.
