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THE BUDGET STORY - PRESS QUOTES
<br />Editorials
<br />Oakland Tribune, 815/03, Assemblyman John
<br />Dutra: Why I Voted 'No' on State Budget. "Instead
<br />of solving our money woes, the budget relies on
<br />excessive borrowing and fiscal gimmicks. Long -tens
<br />savings are skirted in favor of one -time smoke and
<br />mirror fixes."
<br />The Los Angeles Times, 8104/03, The Bucks
<br />Stop Way Before Here. "The state again has largely
<br />balanced its budget on the backs of local govern-
<br />ments."
<br />The Torrance Daily Breeze, 8/04/03, State
<br />Budget Papers Over Problems. "No matter how
<br />Gov. Gray Davis and legislators try to perfume it, the
<br />budget approved by the Senate and Assembly smells.
<br />This is most assuredly a get - out -of- town -alive budget."
<br />Oakland Tribune, 814/03, California's State of
<br />Decline. "It's better than no budget at all, but it's a
<br />monument to political irresponsibility."
<br />The North County Times, 8/04/03, A Dishonest
<br />Budget Written by the Feeble.
<br />"The budget passed last week only pushes the difficult
<br />questions into the future. And the immediate future is
<br />an election year, so the problems won't be solved then.
<br />The budget is blind, stupid, cowardly, dishonest and
<br />illegal."
<br />The Palm Springs Desert Sun, 8/3/04, Our
<br />Voice: Shortsighted State Budget. "We'll get the
<br />state's immediate bills paid, but the budget Gov. Gray
<br />Davis signed Saturday will leave us with bills to pay for
<br />a long, long time."
<br />The San Jose Mercury News, 8/03104, Weak
<br />Structure. "California's new budget is a weak plan for
<br />guiding spending over the next year. It is a strong
<br />argument for changing the way budgets are written
<br />and passed."
<br />The Contra Costa Times, 8103103, Clouds Over
<br />Budget. "No one, including Gov. Gray Davis, is
<br />pleased with California's new budget, nor should
<br />anyone be. It is loaded with features sure to displease
<br />just about everyone in the state."
<br />The San Jose Mercury News, 8/03103,
<br />California's Budget: Another Year in the Red.
<br />PAGE 6 /PRIORITY FOCUS
<br />"California's Legislature last week submitted the third
<br />annual budget in a row that spent more than it
<br />collected in taxes. Tom between Republicans'
<br />resistance to 'ax increases and Democrats' reluc-
<br />tance to cut spending, the legislature essentially did
<br />neither."
<br />Sacramento Bee, 8/5103, Daniel Weintraub:
<br />State Deficit Bond Rests on Shaky Ground. "In
<br />the long -term, the state's citizens might pay an even
<br />greater price, if they lose control of how their gov-
<br />ernment is financed."
<br />Sacramento Bee, 813/03, Daniel Weintraub:
<br />Budget is a House of Cards. "Despite the hugs
<br />and the back - patting in the Legislature and Davis'
<br />claim that the state's leaders made significant
<br />progress in reducing the scope of California's fiscal
<br />meltdown, this budget is more a restructuring of
<br />debts than a real attempt to arrest the tailspin."
<br />The Bakersfield Californian, 8/02/03, Sena-
<br />tor Roy Ashburn: Budget Enacts Structural
<br />Reforms. "I am proud to deliver a budget with no
<br />new tax increases. What's more, the budget is good
<br />for California because it slashes the state's massive
<br />deficit and adopts significant structural reforms to
<br />keep the deficit from growing in the future."
<br />News Stories
<br />Oakland Tribune, 8/5/03, Second Wall Street
<br />Firm Lowers State Credit Rating. "A second
<br />bond rating agency lowered California's credit rating
<br />Monday, saying the $99 billion budget signed into
<br />law Saturday doesn't do enough to trim the state's
<br />long -term debt."
<br />The Merin Independent Journal, 8 /05 /03,
<br />Budget Doesn't Help State Economy Rebound.
<br />"California's new budget will siphon billions of dollars
<br />from the economy, hurting everyone from college
<br />students to highway builders as well as threatening
<br />thousands of state jobs in Sacramento."
<br />The Napa Valley Register, 8/04/03, State's
<br />Budget Quandary Ends, Problems for Area
<br />Cities Begin. "When Gov. Gray Davis finally signed
<br />the state budget Saturday, he ended one of the
<br />Continued on Page 7
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