california budget crisis news
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Deal outlines cuts to education, Medicaid, state jobs
Atlanta :: GA :: USA | over 2 years ago
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Georgias public college students are big losers in Deals inaugural spending proposal...The Republican on Wednesday vowed to end teacher furloughs that have hit elementary and secondary schools but his budget would cut more than $700 million in
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Agencies closed Monday
Olympia :: WA :: USA | over 2 years ago
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Staff writer Published December 26, 2010 The near-monthly furlough of state government employees continues Monday, giving thousands of workers a four-day weekend that included the Christmas holiday Friday. The Office of Financial Management released
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Closed for Business
Oakland :: CA :: USA | over 2 years ago
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Before the foreclosure crisis and the meltdown on Wall Street , few people worried about public employee compensation, benefits, and pension plans. But when the Great Recession tightened its grip on the American economy and tax revenues shrank,
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Budget Deal May Not Save California From IOUs
San Francisco :: CA :: USA | over 2 years ago
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The state is saddled with $8 billion of past due bills that will come due as soon as the governor signs a budget, and the state controller said Thursday there is not enough money to pay all of its debts at once. Controller John Chiang said there is
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California: State Furloughs Are Legal, Court Rules
Los Angeles :: CA :: USA | over 2 years ago
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The New York Times In a blow to state worker unions, the State Supreme Court ruled Monday that mandatory furloughs of state employees were legal. In 2009, faced with a $40 billion shortfall in the budget through mid-2010, Gov. Arnold Schwarzenegger
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Judge to rule Thursday in state furlough lawsuit
Frankfort :: KY :: USA | over 2 years ago
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A judge said he will rule Thursday on whether state employees need to report for work Friday. Franklin Circuit Judge Phillip Shepherd heard more arguments Wednesday from state workers suing to block Gov. Steve Beshears planned six-day unpaid furlough
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Calif. lawmakers take up competing budget plans
Sacramento :: CA :: USA | over 2 years ago
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03 PDT Sacramento, Calif. (AP) -- California lawmakers began to air their opinions Tuesday about how to close the state's $19 billion budget deficit, although neither party expected a breakthrough that would end the summer-long stalemate.
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Legislature set to vote on budget proposals
Sacramento :: CA :: USA | over 2 years ago
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Rich Pedroncelli / AP Senate President Pro Tem Darrell Steinberg (left) confers with Senate Minority Leader Dennis Hollingsworth at the Capitol on the budget...If the wrangling over California's $19 billion deficit continues for another eight days,
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Schwarzengger calls 1st budget meeting at Capitol
Sacramento :: CA :: USA | over 2 years ago
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18 PDT Sacramento, Calif. (AP) -- Gov. Arnold Schwarzenegger convened a meeting with the legislative leaders for the first time nearly two months into California's latest budget stalemate. Schwarzenegger met with Democratic and Republican leaders
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CalPERS loan just latest budget-balancing gimmick
Los Angeles :: CA :: USA | over 2 years ago
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The longer this drags out, the more likely it is that Gov. Arnold Schwarzenegger and lawmakers will resort to a well-worn playbook of accounting shifts, borrowing and asset sales to close out the rest of the budget. In the past, this has included
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