Schwarzenegger Says More Pain Lies Ahead For State
SACRAMENTO -Gov. Arnold Schwarzenegger acknowledges that more pain lies ahead for California as it confronts yet another massive budget deficit.
But he is pledging deep reforms he said are vital to the state’s economic future.
The Republican governor, in his final State of the State address to state lawmakers, said California faces a $20 billion deficit, but he remained optimistic about the state’s prospects.
He says pulling the nation’s most populous state out of a deep fiscal mess will require teamwork to enact tough choices on tax changes, pension reform and strengthening the economy.
The top priority is to create jobs, and Schwarzenegger is proposing a plan to create 100,000 of them.
