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Enterprise Zones and the ‘Fiscal Emergency’

As reported in the Sacramento Bee, Governor Schwarzenegger declared a “fiscal emergency” today and proposed across the board budget cuts throughout the entire State government.

According to Chris Micheli of Aprea & Michel, a source in the Governor’s Office confirmed that the proposed budget includes a $59,000 reduction to the Enterprise Zone program’s budget.  However, there is no proposal to suspend or eliminate the program, nor is there any indication of delaying the announcement of eight new zones expected next week.

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