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Schwarzenegger Seeking Boost In Tech Spending

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The governor of California is trying to get more money for tech spending in his home state. The proposal is for less than $100 million but Schwarzenegger believes it will spur other public and private grants by making the programs more competitive.

Although the proposed funding increase amounts to only a fraction of one percent of the state's annual $101 billion general fund, Schwarzenegger's finance department said the investment could help the university system win back more than $700 million in public and private grants by making the programs more competitive.
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