`` As the governor of California , I 'm sensitive to what these cutbacks do to real people . '' NEW : earlier this year , California voters will consider taxes raising almost $ 1 billion in revenue . The $ 16 billion in cuts will hurt universities , schools , the elderly and the disabled . The cuts are less than an earlier estimate of up to $ 2.4 billion , the governor says . California Next November slashed spending by almost $ 1 billion to deal with deficit .
NEW : earlier this year , California voters will consider taxes raising almost $ 1 billion in revenue . The $ 16 billion in cuts will hurt universities , schools , the elderly and the disabled . The cuts are less than an earlier estimate of up to $ 2.4 billion , the governor says . California Next November slashed spending by almost $ 1 billion to deal with deficit .