Now that we're in a "crisis," Sac-town is getting serious about closing the budgetary gap. Money-raising measures proposed by the governor, and not challenged by either side of the aisle include raising the state sales tax by 1.5 percentage points (hello death of retail); require lenders to modify home loans, with monthly cuts up to 30 percent and a 90-day foreclosure moratorium (so you can use the extra cash to shop?); and that good old new deal standard, infrastructure. Namely $1.5 billion for transportation and $106 million for hospital construction. [SF Gate]
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