Posts Tagged ‘ SCHWARZENEGGER ’

Governor wants to sell L.A. Coliseum, San Quentin

Arnold
Gov. Arnold Schwarzenegger wants to sell the Los Angeles Memorial Coliseum, San Quentin State Prison, the Orange County Fairgrounds and other state property to raise cash amid the state’s growing fiscal crisis, according to a copy of a proposal reviewed by The Times.

Sale of the properties, to be included in the governor’s revised budget plan on Thursday, would raise between $600 million and $1 billion, although it would not provide relief to state coffers for two to five years, according to the proposal.

Other items on the list for potential disposal include Cal Expo, site of the state fair in Sacramento; the Del Mar Fairground; the Cow Palace in Daly City; and the Ventura County Fairgrounds. It’s not clear whether lawmakers would be willing to part with the real state the governor has identified. Proposals to sell San Quentin and the Coliseum have not advanced in the Legislature in recent weeks

Arnold Schwarzenegger on This Week

Arnold Schwarzenegger on Future of GOP and It’s Core Values

n an exclusive interview on “This Week with George Stephanopoulos,” Schwarzenegger suggested autoworkers’ pay and benefits need to be cut back. “I think it’s very important to not just put money in. But let’s go and see if they have been fiscally responsible, and if they’re really operating the right way; because right now, all of those — you know, if you pay the auto workers or the benefits and all of those things, [those] are maybe too high,” he said of the proposal backed by Democratic leaders in Congress

Continue reading

Gov. Schwarzenegger Pushes New Tax Hikes for California

Gov. Arnold Schwarzenegger called for a sharp increase in the state’s sales tax, as well as new taxes on oil drilling and alcoholic drinks to help pay for a budget shortfall of billions of dollars.

Central to his plan would be a sales tax increase of 1 1/2 cents from its current rate of 7.25 percent on the dollar to raise $10.8 billion. Republicans in the state have firmly opposed any tax increases.

Proposed new taxes include an immediate, three-year increase in the sales tax by 1.5 cents on the dollar; broadening sales and use taxes to items such as car repair, golf and veterinary services; a tax on oil extraction in the state; and an increase in alcohol taxes. The temporary increase would push the state portion of the sales tax to 8.75 percent, before any local sales taxes were considered.

A broad range of proposed budget and program cuts would require state workers to take one work day without pay a month and eliminate two state holidays and premium pay for hours worked on other holidays. The governor is also proposing changes to allow state agencies to establish four-day work weeks.

FLASH BACK : Ron Paul and Gov. Schwarzenegger