Sac Bee:
Schwarzenegger: 'Our wallet is empty' ...Schwarzenegger has proposed a plan that relies partially on accounting maneuvers and borrowing funds from coming fiscal years, but mainly on deep cuts in nearly every program funded by state government.
Those range from cutting spending on K-12 schools, community colleges, the University of California; releasing some non-violent prisoners a year early; cutting pay for most state workers and laying off others; closing 80 percent of the state's parks, and wiping out or paring back on health and social service programs for California's neediest residents.