$3 billion in school funding cuts likely in Sacramento

Just weeks after lawmakers passed a "budget" that most everyone said was a bunch of phony accounting trips.... well, it turns out fake accounting trips leaves the state $3 billion short. That means that education officials are telling schools to brace for massive funding cuts, according to the Sacramento Bee:

"Cuts are coming," the California Association of School Business Officials said in a written statement to members this week. "How big is the question that begs an answer."

Let's see here, tax hikes or massive spending cuts..... seems to me that lawmakers already spent FOUR MONTHS arguing over which path to pursue and ultimately reached a compromise of doing absolutely nothing. Is there any chance that the legislature is going to get together now and agree on either option?

And with no agreement, does that mean that the governor is going to make unilateral decisions about which programs to fund and which not to, if the state simply can't borrow its way out of the problem?