Millions in delayed education stimulus funds face further stall
By Corey G. Johnson/California Watch
The fate of $37 million in federal stimulus funds that have been sitting for nearly a year could be delayed even further if the 2010-11 budget talks between the Legislature and the governor turns sour. According to Los Angeles Times, Gov. Arnold Schwarzenegger has threatened to leave office in January 2011 without signing the budget if the Legislature doesn't cut back on public-pension payouts and make other reforms. According to the Times, Schwarzenegger told reporters after an event at the LA Chamber of Commerce: If I do not get all of the things that we need … I will not sign a budget, and it could actually drag out until the next governor gets into office. (more...)