Another Year Older and Deeper In Debt

January 5, 2009 · Posted By John Myers · Filed Under CA Budget 

Wow, what did I miss?

The short answer, apparently is... not much.

A drizzling rain is falling here in Sacramento on this first day after the holiday break. And yes, Virginia, there is still a budget crisis.

Governor Schwarzenegger is apparently back in town as negotiations will no doubt reengage; he and I both missed the unveiling of his 2009-2010 budget on New Year's Eve. My public radio colleague Marianne Russ of Capital Public Radio was gracious enough to discuss the proposal on the New Year's morning edition of The California Report:

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More on all things budget later today and this week and... well... forever, it seems.

Meantime, a quick mention of a story I filed before escaping to the other coast: a look at the possible impact of the troubled economy on one of California's most successful business sectors in recent years: Indian gaming.

Several gaming tribes are now faced with the toughest business climate since Indian casinos were legalized in California. And don't forget, their challenges also have a direct impact on the state budget -- after all, the governor and others have counted on tens of millions of dollars in casino revenue sharing to help pay the state's bills.

The story aired last week on our program.

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