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Burning through money
As fires continued to engulf homes and threaten more Los Angeles and Orange County neighborhoods over the weekend, Gov. Arnold Schwarzenegger said Californians shouldn't worry, for now, about the $11 billion that the state has to find in taxes or program cuts in the current fiscal year. Despite the almost incomprehensible budget problem, he said, California won't have to skimp on fighting fires because of a $1.7-billion reserve built into the budget for exactly this kind of emergency. That's enough to keep the water-dropping aircraft flying and the firefighters on the front lines fully equipped.
November 18, 2008
