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Monday, September 27, 2021

Schwarzenegger urges lottery bonds for budget

SACRAMENTO, California (Reuters) - California Gov. Arnold Schwarzenegger unveiled on Wednesday a revised $144.35 billion budget plan for the state's next fiscal year that proposes using state lottery revenues to back bonds whose proceeds would help close a $17.2 billion shortfall and build a rainy-day reserve.

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SACRAMENTO, California (Reuters) – California Gov. Arnold Schwarzenegger unveiled on Wednesday a revised $144.35 billion budget plan for the state’s next fiscal year that proposes using state lottery revenues to back bonds whose proceeds would help close a $17.2 billion shortfall and build a rainy-day reserve.

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