July 26, 2014
SACRAMENTO (AP) - California lawmakers are picking up where they
left off last night as they work to secure one last Republican vote
for a $42 billion budget-balancing plan.
The state Senate reconvened Monday and the Assembly was expected
to follow after a marathon weekend session.
Lawmakers are trying to pass a combination of spending cuts, tax hikes and additional borrowing negotiated by Gov. Arnold Schwarzenegger and party leaders.
The plan continues to fall short of votes because rank-and-file Republicans have refused to agree to $14.4 billion in higher taxes.
Lawmakers believe there are enough GOP votes in the Assembly, but the Senate has fallen short by one.
The state controller says the state will run out of cash at the end of the month if lawmakers do not act.
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