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9,4-473 THE BUDGET STORY - PRESS QUOTES Editorials, Columns, Opeds, Letters to the Editor Editorials The San Francisco Chronicle, 5116103, Governor plugs the holes, for now. "A binge of borrowing and higher taxes are the shaky founda- tions of Gov. Gray Davis' latest budget package. It gets the job done for this year and next, but what happens beyond is anyone's guess." the governor's spending blueprint will undergo plenty of changes by a Legislature that is none to happy with him or his fiscal vision. In short, this deal is far from being sealed." The Los Angeles Daily News, 05/19/03, Davis' Gambit — New budget pressures Legislature to address_ state's long -term needs. "With is new budget plan, Gov. Gray Davis has drawn a line in the desert of California politics: Be part of the solution or part of the problem." The Torrance Daily Breeze, 5/16/03, Breeze Editorial: More State Debt is a Gamble. "Gov. Gray Davis and other lawmakers seem all too willing to wager a whopping $10.7 billion in general obligation bonds that a robust economic recovery is around the corner. It's a risky way to address the $38 billion budget deficit. The Fresno Bee, 5/16/03, Budget surren- der— Davis waves the white flag on state's continuing fiscal crisis. "Gov. Gray Davis says he was happy with the budget he offered California in January, and there is no reason he shouldn't have been. His plan tackled the state's enormous deficit with a strenuous combination of spending cuts and tax increases. It was a real, if unpleas- ant, solution, one that would have largely put California back into long -term fiscal balance." The Ventura County Star, 5116/03, Editorial: Revised Budget Eases the Pain — Latest Plan Offers Some Relief. "With the long- anticipated release of Gov. Gray Davis' revised budget pro- posal on Wednesday, the state's continuing financial nightmare enters a new phase. And as it does, there are reasons for the millions of Califor- nians dependent on government funding and services to feel a blend of relief and anger." San Diego Union Tribune, 5/17/03, Budget Shell Game -- Structural Reforms for State Are a Must. "When Gov. Gray Davis unveiled his revised budget proposal this week, many local government and school officials expressed relief that the dreaded spending cuts were not as deep as expected. They would do well to remember that The San Jose Mercury News, 5/19/03, Davis' budget leaves neighborhoods hanging. "Under the guise of sharing the pain of this budget crisis, Davis has proposed taking $250 million from redevelopment agencies — and more each succeeding year — under a plan that would destroy California's main program to stimulate job growth." San Jose Mercury News, 5/20/03, Governor's Got his plan; Republicans and Those Who Are Complaining, Where is Yours? "Gov. Davis came to San Jose Monday to damn his state budget plan with faint praise. The best he could say about the $95.8 billion 2003 -04 budget he proposed last week is that no one else has offered a better one. 'David Cox, where is your plan ? "' The Torrance Daily Breeze, 5/20/03, Davis' budget looks like shell game. "When Gov. Gray Davis unveiled his revised budget proposal last week, many local government and school officials expressed relief that the dreaded spend- ing cuts were not as deep as expected. They would do well to remember that the governor's spending blueprint will undergo plenty of changes." The Monterey County Herald, 5/21/03, Davis' budget proposal needs tougher edge. "The core problem is the governor's budget relies too heavily on borrowing. The big- ticket item is his proposal to seek $10.7 billion in loans, which would be paid for with a new half -cent sales tax. But buried in the fine print are other borrowing Continued on Page 7 Visit the League's Official Web Site -- www.cacities.org PRIORITY FOCUS /PAGE 5