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Senate rejects bond measure { December 5 2003 } Original Source Link: (May no longer be active)    http://sfgate.com/article.cgi?file=/news/archive/2003/12/05/national0243EST0424.DTL http://sfgate.com/article.cgi?file=/news/archive/2003/12/05/national0243EST0424.DTL Senate rejects Schwarzenegger's proposed spending cap, bond measure TOM CHORNEAU, Associated Press Writer Friday, December 5, 2003 ©2003 Associated Press (12-05) 23:43 PST SACRAMENTO (AP) -- In a setback for Gov. Arnold Schwarzenegger, the Senate rejected his proposed spending cap and $15 billion bond measure late Friday. Democratic alternatives also failed to pass. The Assembly continued to debate the Democratic plans as the midnight deadline for putting measures on the spring ballot approached, but it was clear they lacked the votes to pass. Schwarzenegger must now seek an alternative to the large bond issue and spending cap proposal he hoped voters would ratify March 2. Republicans said Schwarzenegger's proposals were reasonable and warned they would try to put an even tougher spending limit plan on the November ballot if the attempt to put a spring ballot plan together failed. Democrats said the governor's spending limit would strangle education and other state programs and his bond measure would burden state budgets for years. "When you are bleeding you apply a tourniquet, not a noose," said Assemblyman Lloyd Levine. Democrats proposed a bond measure that would be paid off over seven years instead of 15 and a spending cap that was less restrictive than Schwarzenegger's, but failed to get the necessary two-thirds majorities. Senators voted 34-0 against the governor's plan to cap spending. The governor's bond measure also lost, with only five lawmakers, all Democrats, voting for it and 14 lawmakers voting no. Earlier Friday, Gov. Arnold Schwarzenegger quietly gave the green light to a plan to borrow $10.7 billion without voter approval -- a plan he had previously criticized. The plan was authorized by the Legislature last summer as part of the budget agreement signed by former Gov. Gray Davis. Schwarzenegger said shortly after being elected in the Oct. 7 recall election that voters should approve the bonds -- and has said for weeks there would be no alternative to his proposal to put a $15 billion bond measure on the spring ballot. But Friday, members of the California Fiscal Recovery Financing Authority voted to move forward with the $10.7 billion bond sale. The governor controls five of the seven members of the board. Taxpayer groups and many Republican lawmakers had criticized the Davis bond deal, arguing that voters should approve borrowing of that magnitude. ©2003 Associated Press

Arnold calls democracts girlie men Arnold pushes his first execution Arnold signs geese rights bill { October 6 2004 } Arnold vetoes hot spring bill Arnold wants stray pets terminated { June 25 2004 } Bush shunned by arnold in oct 2005 visit { October 21 2005 } California borrow 15b proposed arnold { November 19 2003 } California political spat intesifying budget finally passes { July 6 2004 } Lawmakers arnold strike bduget agreement Moody upgrades california citing recovery { May 21 2004 } Prisons over education { November 19 2003 } Republican tom mcclintock says borrowing unconstitutional { November 19 2003 } Schwarzenegger allows mental impaired execution Schwarzenegger suggests republicans move leftward Schwarzenegger to probe women allegations Schwarzenneger sworn in as governor { November 17 2003 } Senate rejects bond measure { December 5 2003 } Two polls give schwarzenegger high marks Voters and arnold pish stem cell research { November 3 2004 } Voters approve schwartzeneggers debt plan { March 3 2004 } Files Listed: 20

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