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SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger says he will not sign the compromise budget proposal California lawmakers are considering unless they make more changes.
His letter to the four legislative leaders says he wants more money put in a rainy-day fund and tighter controls on when that money could be spent.
The state Assembly was meeting late Monday to consider a proposal to end the state’s record-long budget impasse. The proposal aims to close the state’s $15.2 billion deficit without borrowing or new taxes. But lawmakers acknowledge it will not solve the ongoing fiscal problems.
