California Gov. Arnold Schwarzenegger (R) released a new budget on Monday that dramatically revises the amount he expects from new gaming compacts he signed with a small group of tribes.
Instead of $300 million, Schwarzenegger expects just $16 million from the tribes this year and $34.3 million next year. An official said the tribes haven't added slot machines as quickly as anticipated. The tribes with new compacts are still expected to finance a $1 billion bond to help bail the state out of its budget crisis. Get the Story: