Calif. budget negotiations to resume next week |

Calif. budget negotiations to resume next week

SACRAMENTO – Gov. Arnold Schwarzenegger and legislative leaders have concluded their latest round of budget talks with no resolution about how to close California’s $19 billion deficit.

Democratic and Republican leaders of the Assembly and Senate met with Schwarzenegger for several hours Friday afternoon but said they had nothing to report after the meeting.

The state has broken a record by going 79 days beyond the start of the fiscal year without the Legislature approving a budget. The longest previous impasse was 78 days.

Democrats want to delay corporate tax breaks passed in 2009 while also pushing for a combination of spending cuts, new taxes and fees. Republicans reject any new taxes and fees.

A spokeswoman for state Senate President Pro Tem Darrell Steinberg says budget talks will resume Monday.

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