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State Budget Meeting Rescheduled, 11 am Monday?

Assembly Speaker Bass and Senate President Steinberg (left)
Assembly Speaker Bass and Senate President Steinberg (left)

From SacBee.com:

Gov. Arnold Schwarzenegger canceled a pivotal Sunday meeting with legislative leaders because negotiators had trouble coordinating their schedules at the last minute, his office said.

State leaders had hoped to use Sunday’s meeting to finish a deal to bridge the state’s $26 billion deficit; they now plan to resume talks today.

Leaders last week settled on a general framework for solving the deficit, including a way to pay schools an extra $9.5 billion for last year’s budget cuts, confirmed Assembly Speaker Karen Bass, D-Los Angeles.

The plan relies heavily on spending cuts to most sectors of state government, capturing money from local governments and accounting shifts that take funds from 2010-11.

Click on the following link to the complete article in the Sacramento Bee. Sunday budget meeting canceled; talks to resume today.

Follow us on Twitter as we will be sending out updates throughout the day on the budget progress.