The Sacramento Bee CapitolAlert
Tue, Jun 30, 2009 6:01 am
Today is the day.
Do lawmakers and Gov. Arnold Schwarzenegger reach a meeting of the minds on the state budget, or do they issue an invitation to Controller John Chiang to issue IOUs for the first time in 17 years?
Both houses likely will be in session all day and into the evening, but look for the real action at the negotiating table in the Governor's Office.
A key issue is $3.3 billion in budget savings that have to be approved by midnight -- in the current fiscal year -- or will be lost forever. Democrats are pushing the cuts to schools and redevelopment agencies to be approved by midnight, but the GOP and the governor want a full package before signing off.
The 1992 version of this melodrama ended badly, with drunken shouting, a fistfight, and a mysteriously stopped clock in the Assembly. Ultimately, the production ran all summer, with IOUs, court fights and rock-bottom performance ratings for politicians of all stripes.