Gov. Arnold Schwarzenegger will call a budget special session starting Dec. 6 that focuses on resolving the $6.1 billion current-year deficit, he said Thursday.
“While California’s economy appears to be showing signs of stabilizing, our job creation and revenues are still lagging,” Schwarzenegger said in a statement. “Changes in Congress and passage of Proposition 22 also present significant new challenges to balancing our budget,”
The announcement comes a day after the nonpartisan Legislative Analyst’s Office said California faces a $25.4 billion shortfall through June 2012. A portion of that – $6.1 billion – is due to the current budget falling short of expectations.
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