Schwarzenegger's Has Been Pushing Fiscal Changes Since He took office

Arnold Schwarzenegger's Has Been Pushing Fiscal Changes Since He took office : With fewer than 140 days left in office, Gov. Arnold Schwarzenegger is making a final stand for goals that have eluded him for nearly seven years, clinging to an overdue state budget for a last bit of leverage before he fades from relevancy.

Already, the state's budget is 54 days overdue. But Schwarzenegger has said he won't sign a spending plan until the Legislature retrofits the broken fiscal system that has bedeviled California — and him — for years.

He is demanding cutbacks in public pensions, a new constraint on spending and an overhaul of the way the state collects taxes. If those conditions go unmet, Schwarzenegger has said, he will leave the budget in his successor's lap.

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