After months of disputes and $510 million worth of vetoes, the governor signs the measure that includes a $1.7-billion reserve fund.
By Jordan Rau, Los Angeles Times Staff Writer September 24, 2008
SACRAMENTO -- After vetoing $510 million in spending passed by the Legislature, Gov. Arnold Schwarzenegger signed the state's tardiest budget this morning, allowing more than 80,000 state vendors with outstanding bills to be paid.The governor's cuts include the elimination of $191 million in tax credits for elderly renters and property owners, and the postponement of one of the signature achievements of his first term: a program to help reduce prescription drug prices for low-income Californians....
