Los Angeles Times | November 6, 2008 | 10:56 a.m. PT
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Gov. Schwarzenegger proposes sales tax increase, deep cuts in services
In an effort to cut a projected $24-billion deficit by the middle of
2010, Schwarzenegger today proposed:
-- a sales tax increase of 1 1/2 cents on the dollar, which could raise
more than $10 billion. Sales tax in Los Angeles would shoot up to
10.25%.
-- extending the sales tax to appliance and furniture repair, vehicle
repair, golf, veterinarian services, amusement parks and sporting
events.
-- a $12 increase in annual vehicle registration fees.
-- cutting $2.5 billion from schools and community colleges.
-- eliminating dental insurance for poor adults on the state's MediCal
program and lowering subsidies to the aged, blinded and disabled.
California's welfare subsidies would also be reduced.
Lawmakers will have until the end of the month to take action.
More at: http://link.latimes.com/r/VKC7L0/TT0MS/KNSIOV/OHJS/RS7UM/1G/t

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Posted By Breaking News to Break News at 11/06/2008 08:56:00 PM

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