Governor Arnold Schwarzenegger didn’t make history on Thursday.
He refrained from using his power to veto the budget California lawmakers sent his way because his demands for budget reform were incorporated into the plan!
Lawmakers also agreed to nix ‘borrowing gimmicks’ opposed by the Gov.
No governor in modern California state history has ever vetoed a budget submitted by lawmakers.
Arnie criticized the original plan for failing to meet his demands for a more robust rainy day fund. He said the budget relied on accounting gimmicks to close a $15.2 billion deficit ├óΓé¼ΓÇ¥ such as collecting an extra 10 percent of workers’ income tax in advance and repaying it later ├óΓé¼ΓÇ¥ that could lead to an even larger deficit next year, according to reports.
Legislative leaders said they had agreed to remove that provision in their latest deal.
Nice to see government peeps working together!
How refreshing.
Good job, Arn!
[Image via WENN.]