In her annual review of Governor Schwarzenegger's proposed budget, independent Legislative Analyst Elizabeth Hill, urged lawmakers to enact midyear cuts. Hill's analysis detailed billions of dollars in overstated revenue and billions more in understated expenses and liabilities by the administration. About the findings in her report, Larry speaks with Hill and with H.D. Palmer, Deputy Director for external affairs for the California State Department of Finance. Joining the conversation is Republican State Assemblyman Roger Niello who is Vice Chairman of the Assembly Budget Committee.
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