Calif. Budget Crisis on Yahoo! News Photos

FILE - In this Jan. 10, 2008 file photo, a variety of retail ...

(AP) — Thu, 19 Nov 2009 20:57:23 GMT

(AP) - FILE - In this Jan. 10, 2008 file photo, a variety of retail gift cards are seen on a kiosk at a store in Santa Clara, Calif. Gift cards sales, which took a hit last year, are not expected to revive this holiday season as shoppers stretch their budgets by buying at deep discounts. (AP Photo/Tony Avelar, file)

A 'No Tresspassing' sign hangs from a fence surrounding an office ...

(AP) — Thu, 19 Nov 2009 01:18:43 GMT

(AP) - A 'No Tresspassing' sign hangs from a fence surrounding an office complex in Sacramento, Calif. on Wednesday, Nov. 18, 2009 where construction was stopped earlier in the year. A report issued by the California Legislative Analyst's office, Wednesday, stated that California could be facing a $21 billion budget deficit over the next one-and a half years. The report pins the blame on a deep recession, which has hit the construction industry hard, and poor budget decisions by Gov. Arnold Schwarzenegger and state lawmakers over the past year. (AP Photo/Rich Pedroncelli)

California Governor Arnold Schwarzenegger talking about the ...

(AFP/Getty Images/File) — Wed, 18 Nov 2009 20:46:00 GMT

(AFP/Getty Images/File) - California Governor Arnold Schwarzenegger talking about the state budget in Sacramento in July 2009. California faces a fresh projected budget deficit of nearly 21 billion dollars just four months after approving a fiscal plan to close a similar shortfall, state officials said Wednesday.(AFP/Getty Images/File/Max Whittaker)

Legislative Analyst Mac Taylor displays a copy of his offices ...

(AP) — Wed, 18 Nov 2009 20:34:06 GMT

(AP) - Legislative Analyst Mac Taylor displays a copy of his offices report on the state's fiscal outlook that projects that California could be facing a nearly $21 billion budget deficit over the next year and a half during a news conference in Sacramento, Calif., Wednesday, Nov. 18, 2009. The report pins the blame on a deep recession and poor budget decisions by Gov. Arnold Schwarzenegger and state lawmakers over the past year.(AP Photo/Rich Pedroncelli)

Legislative Analyst Mac Taylor discuses his offices report, ...

(AP) — Wed, 18 Nov 2009 20:33:37 GMT

(AP) - Legislative Analyst Mac Taylor discuses his offices report, seen in the foreground, on the state's fiscal outlook that projects that California could be facing a nearly $21 billion budget deficit over the next year and a half during a news conference in Sacramento, Calif., Wednesday, Nov. 18, 2009. The report pins the blame on a deep recession and poor budget decisions by Gov. Arnold Schwarzenegger and state lawmakers over the past year.(AP Photo/Rich Pedroncelli)

Legislative Analyst Mac Taylor discuses his offices report on ...

(AP) — Wed, 18 Nov 2009 20:33:19 GMT

(AP) - Legislative Analyst Mac Taylor discuses his offices report on the state's fiscal outlook that projects that California could be facing a nearly $21 billion budget deficit over the next year and a half during a news conference in Sacramento, Calif., Wednesday, Nov. 18, 2009. The report pins the blame on a deep recession and poor budget decisions by Gov. Arnold Schwarzenegger and state lawmakers over the past year.(AP Photo/Rich Pedroncelli)

California Governor Arnold Schwarzenegger holds a press conference ...

(AFP/Getty Images/File) — Wed, 18 Nov 2009 18:18:09 GMT

(AFP/Getty Images/File) - California Governor Arnold Schwarzenegger holds a press conference after the legislature successfully passed a solution to the state's budget problem in Sacramento, California, in July 2009. California faces a fresh projected budget deficit of nearly 21 billion dollars just four months after approving a fiscal plan to close a similar shortfall, it was reported Wednesday.(AFP/Getty Images/File/Max Whittaker)

California Gov. Arnold Schwarzenegger, centre, is welcomed by ...

(AP) — Wed, 18 Nov 2009 15:50:01 GMT

(AP) - California Gov. Arnold Schwarzenegger, centre, is welcomed by President of the Lombardy region Roberto Formigoni prior to a meeting of the world's 15 most innovative regions in Milan, Italy, Wednesday, Nov. 18, 2009. Schwarzenegger won't say what his plans are when his term expires next year, but it won't be running for another office. 'I have never labeled myself as a politician, so I am not going to run for anything else' Schwarzenegger told reporters on Tuesday. Schwarzenegger said the gubernatorial job 'is the thing I have enjoyed most in my entire life' and that he will spend the next year trying to resolve remaining problems, including projected multibillion dollar shortfall in next year's budget. Schwarzenegger stopped by Milan en route from the Middle East where he visited troops in Iraq and Sacramento where he the legislature is to convene in special session. (AP Photo/Antonio Calanni)

California Gov. Arnold Schwarzenegger, left, is welcomed by ...

(AP) — Wed, 18 Nov 2009 15:48:19 GMT

(AP) - California Gov. Arnold Schwarzenegger, left, is welcomed by President of the Lombardy region Roberto Formigoni prior to a meeting of the world's 15 most innovative regions in Milan, Italy, Wednesday, Nov. 18, 2009. Schwarzenegger won't say what his plans are when his term expires next year, but it won't be running for another office. 'I have never labeled myself as a politician, so I am not going to run for anything else' Schwarzenegger told reporters on Tuesday. Schwarzenegger said the gubernatorial job 'is the thing I have enjoyed most in my entire life' and that he will spend the next year trying to resolve remaining problems, including projected multibillion dollar shortfall in next year's budget. (AP Photo/Antonio Calanni)

California Gov. Arnold Schwarzenegger attends a meeting of the ...

(AP) — Wed, 18 Nov 2009 15:23:09 GMT

(AP) - California Gov. Arnold Schwarzenegger attends a meeting of the world's 15 most innovative regions in Milan, Italy, Wednesday, Nov. 18, 2009. Schwarzenegger won't say what his plans are when his term expires next year, but it won't be running for another office. 'I have never labeled myself as a politician, so I am not going to run for anything else' Schwarzenegger told reporters on Tuesday. Schwarzenegger said the gubernatorial job 'is the thing I have enjoyed most in my entire life' and that he will spend the next year trying to resolve remaining problems, including projected multibillion dollar shortfall in next year's budget. Schwarzenegger stopped by Milan en route from the Middle East where he visited troops in Iraq and Sacramento where he the legislature is to convene in special session. (AP Photo/Antonio Calanni)