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SACRAMENTO (KCBS/AP) - Governor Schwarzenegger says he is convinced California voters will support his plan to borrow 15 billion dollars against future lottery proceeds once they understand the details.
Schwarzenegger's proposed spending plan for the fiscal year that begins in July relies on using 5 billion dollars in lottery-backed bonds to balance the budget. The other 10 billion dollars would go into a fund that could help balance the budget in the future when revenue plunges.
But according to a poll by the Public Policy Institute of California, most Californians dislike the lottery proposal.
The survey found that 58 percent of residents and 62 percent of likely California voters oppose the plan to borrow money from future lottery earnings.
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KCBS' George Harris reports
