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Calif. gov: Borrow from lottery to close deficit - Miami Herald

Gov. Arnold Schwarzenegger, gestures as he discusses his $144.3 billion revised 2008-2009 state budget during a news conference in Sacramento, Calif., Wednesday, May 14, 2008. Schwarzenegger proposes to eliminate a $15.2 billion deficit by selling ... More

Schwarzenegger urges lottery bonds for budget fix - Forbes

SACRAMENTO, Calif. (Reuters) - California Gov. Arnold Schwarzenegger unveiled 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 ... More

Schwarzenegger to propose borrowing against lottery - Seattle Times

Gov. Arnold Schwarzenegger will propose borrowing against future state lottery revenue to help close a $15.2 billion budget deficit, administration officials told The Associated Press. In a revised budget to be released Wednesday, Schwarzenegger will ... More

Schwarzenegger proposes closing $15.2B deficit by borrowing against ... - Minneapolis Star Tribune

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. The $144.3 ... More

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