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California Considers a Cap on Spending (Inside Higher Ed)

Californiaââ?¬â?¢s colleges have seen the (possible) future ââ?¬â?? in Colorado ââ?¬â?? and they donââ?¬â?¢t like the looks of it.

If Gov. Arnold Schwarzenegger has his way, Californians will vote in November to put strict constitutional limits on growth in state spending. The ââ?¬Å?California Live Within Our Means Act,ââ?¬Â as the measure is called, would restrict what the state government spends in any fiscal year to what it spent the year before plus the average rate of growth in certain spending over the three previous years