SAN FRANCISCO — With the state facing a potential $14 billion deficit, California Gov. Arnold Schwarzenegger is taking another swing at enacting budget reforms.

The governor unveiled his latest budget reform proposal during his state of the state address Tuesday, saying the looming deficit demonstrates the need for reform. That’s why he expects it will fare better than previous plans that died either in the Legislature or at the ballot box.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.