Schwarzenegger pegs deficit at $20 billion

Governor Schwarzenegger said this week that the state’s estimated budget deficit has ballooned to more than $20 billion — a figure that would mean more stringent cuts to education and other state programs.

As the governor prepares to release his updated budget, called the May Revision, on May 14, it is clear that the budget situation in the state is getting substantially worse, not better. The $20 billion is almost $6 billion more than he first announced in January and twice what the Legislative Analyst’s Office projected in November.

With this announcement, it’s clear that the fight against the budget cuts will continue throughout the summer, beginning with a rally on May 15 in Sacramento. Get involved today and make your voice heard!