from the SacBee:
California lawmakers target city, county funds to close budget gapPublished: Friday, Jul. 17, 2009 - 12:00 am | Page 4A
California cities and counties will take a multibillion-dollar hit to help close the state's massive budget gap.
Closed-door negotiations between Gov. Arnold Schwarzenegger and legislative leaders are targeting city and county coffers to help bridge a $26.3 billion shortfall.
Revenue is one critical aspect of a wide-ranging budget deal that appeared near on Thursday. All sides say only a handful of issues remain, but negotiations stalled late Wednesday in a dispute over Proposition 98 school funding.
No talks were held Thursday.
Schwarzenegger, in a news conference, said he is "very close" to striking a deal. .........(more)
The complete piece is at:
http://www.sacbee.com/topstories/story/2033296.html