Lockyer and Feinstein to oppose Lottery proposal in Budget Deal

At the Milken Institute’s State of the State conference today, California Treaurer Bill Lockyer said he would join with Senator Dianne Feinstein in opposing the governor’s proposal to use the lottery to help fix the budget hole. This propsal was part of the budget deal. If defeated in next year’s special election, another five billion dollar hole will appear in the budget.