KION - Monterey, Salinas, Santa Cruz - News WeatherSchwarzenegger: Lawmakers must cut more spending
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SACRAMENTO, Calif. (AP) - Gov. Arnold Schwarzenegger says he vetoed the largest piece of legislation in a package of budget bills because it did not take immediate steps to cut spending.
Democratic lawmakers said the bill would have shaved $2.1 billion from the $20 billion shortfall projected for California's budget through June 2011. So far, the Legislature and governor have agreed to just $200 million in spending cuts.
Schwarzenegger says the bill targeted potential cuts in the fiscal year that begins in July. Speaking to reporters Tuesday, the governor said he wants the cuts to be made in the current year.
He also said some of the bill's savings estimates are unrealistic.
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