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Governor To Veto Approved Budget Plan

Written by Christina Heller

Story Created: Dec 18, 2008 at 3:46 PM PST

Story Updated: Dec 18, 2008 at 7:08 PM PST

SACRAMENTO (AP) - Gov. Arnold Schwarzenegger says he will veto
an $18 billion package of budget cuts and tax increases Democratic
lawmakers pushed through the state Legislature.

Schwarzenegger says it doesn't do enough to revive California's spiraling economy and close a projected $42 billion budget shortfall over the next 18 months.

He says he wanted an economic stimulus package that includes partnerships with the private sector and help to keep struggling Californians in their homes.

Schwarzenegger also says Democrats watered down the spending
cuts and increased the taxes from the package he was negotiating with them.

The plan they approved Thursday made more than $7 billion in cuts to education, health care and prisons, and added about $11 billion in tax increases and fees.

Schwarzenegger says he warned Democratic leaders he wouldn't sign a watered down package.

(Copyright 2008 by The Associated Press. All Rights Reserved.)
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