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STATE: Governor gambles budget on lottery (North County Times)Gov. Arnold Schwarzenegger on Wednesday proposed propping up a shaky $101.8 billion state budget on a bet that California can wring more than four times as much money as now from its lottery. More Schwarzenegger urges lottery bonds for budget (Reuters via Yahoo! News)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. More California Lottery (Pahrump Valley Times)No one matched all five numbers and the mega number in Wednesday's drawing of the California Super Lotto. The next jackpot will be at least $25 million. More Calif. governor proposes borrowing from lottery to close deficit (KRON 4 Bay Area)SACRAMENTO, Calif. (AP) - California Governor Arnold Schwarzenegger has a plan to balance the state's budget. He's proposing borrowing on future lottery sales to help eliminate a $15 billion deficit in the state's spending plan. More Gov. Taps Lottery To Help Fund $144B Calif. Budget (CBS 5 Bay Area)California Gov. Arnold Schwarzenegger on Wednesday released a $144.3 billion state budget that eliminates a massive deficit by selling lottery bonds and cutting billions in state programs. More Schwarzenegger's budget plan Borrowing from lottery proposed (Ventura County Star)SACRAMENTO — Saying a worsening budget deficit requires the state to do something more than just cut spending, Gov. Arnold Schwarzenegger proposed Wednesday to revamp the California Lottery and sell the rights to the future revenues those changes would generate. More California governor: Borrow from lottery to close deficit (Arizona Daily Star)SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger on Wednesday proposed borrowing on future lottery sales to eliminate a massive deficit in the state's spending plan and avoid unpopular cuts to the school system, state parks and prisons. More Gov: Lottery will close deficit (Napa Valley Register)Gov. Arnold Schwarzenegger on Wednesday released a $144.3 billion state budget that eliminates a massive deficit by selling lottery bonds and cutting billions in state programs. More Calif. gov: Borrow from lottery to close deficit (AP via Yahoo! Philippines News)Gov. Arnold Schwarzenegger on Wednesday proposed borrowing on future lottery sales to eliminate a massive deficit in the state's spending plan and avoid unpopular cuts to the school system, state parks and prisons. The $144.3 billion budget plan for the fiscal year that begins in July is a byproduct of a slowing state economy. Tax revenue has been falling far short of what California ... More Jackpot in California's 'SuperLotto Plus' game jumps to $28M (San Francisco Chronicle)No ticket matched all six numbers drawn for the California Lottery's "SuperLotto Plus" game Wednesday night, which had a jackpot of $25 million. The numbers drawn were: 07-19-29-37-43; Meganumber 22. The grand prize now goes to an estimated $28 million for... More |
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