| 词条 | 1992 California budget crisis |
| 释义 |
The 1992 California budget crisis began on July 1, 1992, when the California State Legislature and Governor Pete Wilson failed to pass a budget by the constitutional deadline,[1] and ended 63 days later.[2] The state government ran out of cash reserves on July 2 and began paying employees and contractors with IOUs,[3] which major banks agreed to honor for the time being.[4] After a period of negotiation, the legislature and governor agreed on an austere $54.7 billion budget which reduced entitlement payments and public services. Nonetheless this budget left behind a cash reserve of only $435 million, prompting experts to warn about the possible need for further austerity and criticize the deal failing to address the structural problems of the state, such as the effect of Proposition 13 on limiting the government's ability to raise property taxes.[2] References1. ^{{cite news |last1=Weintraub |first1=Daniel M. |last2=Gillam |first2=Jerry |title=Senate, Assembly OK Budget; Wilson Awaits Final Package |url=http://articles.latimes.com/1992-08-30/news/mn-8555_1_spending-plan |accessdate=24 February 2019 |work=Los Angeles Times |date=30 August 1992}} {{California-poli-stub}}2. ^1 {{cite news |last1=Reinhold |first1=Robert |title=63 Days After Its Cash Ran Out, California Passes Austere Budget |url=https://www.nytimes.com/1992/09/03/us/63-days-after-its-cash-ran-out-california-passes-austere-budget.html |accessdate=24 February 2019 |work=New York Times |date=3 September 1992}} 3. ^{{cite news |title=California Leaders End Standoff, Meet on State Budget |url=https://www.washingtonpost.com/archive/politics/1992/07/31/california-leaders-end-standoff-meet-on-state-budget/b1b69b08-a020-43e0-b036-6f946f3784ce/ |accessdate=24 February 2019 |work=Washington Post |date=31 July 1992}} 4. ^{{cite news |last1=Reinhold |first1=Robert |title=California Forced to Turn to I.O.U.'s |url=https://www.nytimes.com/1992/07/02/us/california-forced-to-turn-to-iou-s.html |accessdate=24 February 2019 |work=New York Times |date=2 July 1992}} 4 : Economic history of California|Government finances in California|State budgets of the United States|1992 in California |
| 随便看 |
|
开放百科全书收录14589846条英语、德语、日语等多语种百科知识，基本涵盖了大多数领域的百科知识，是一部内容自由、开放的电子版国际百科全书。