Writing in the Sunday Sacramento Bee, editorialist Dan Walters predicts that California’s budget crisis will not be solved anytime soon. Both Democratic and Republican leaders are likely to reject Governor Schwarzenegger’s fiscal plan, which Walters characterizes as fantastical and disconnected from reality.  Read more >>

As the Sacramento Bee reports, Schwarzenegger has declared a "budget emergency" for California. His plan of action includes no tax hikes, but substantial cuts to state employee salaries.

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The San Diego Union Tribune sees little for Californians to be happy about as their governor begins his final 12 months in office. While Schwarzenegger is expected to continue opposing tax increases in 2010, he seems more concerned with ensuring his legacy as a “Green Governor” than as a fiscal reformer.

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This special report from Capitol Weekly gives an overview of the governor's "state of the State" address, which will take place on the 7th. Ignoring the actual cause of California's debt (state pensions), the governor may be proposing tax extensions and increases in addition to massive program cuts. This is a blatant disregard for the will of California voters, which clearly rejected tax increases proposed last May.  Read more >>

This article in BusinessWeek details how the governor's delusions that the budget can be solved without major changes to the state legislature are finally disappearing. Unable to rely on borrowing, selling bonds or raising taxes, solving the state's budget crisis will turn out to be an all out war in the legislature.

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