The declaration of a fiscal emergency forces lawmakers to convene a special session to deal with the budget.  In a statement, Assembly Speaker Fabian Nunez said "This is a serious step for a serious problem. We look forward to seeing the specific proposals the governor is constitutionally required to put forward in declaring a fiscal emergency. We are committed to working with him to address the ongoing imbalance between the services Californians require and the resources to fund them, and not drawing any lines in the sand. This state of fiscal emergency strengthens the need to address major threats to the state's general fund, namely our broken health care system and the foreclosure crisis facing tens of thousands of California's families."  Capitol observers say raising taxes – including the state’s vehicle license fee rollback that was a cornerstone of Schwarzenegger's first election campaign – is likely to be part of the budget discussions.