Cleverboy
Sep 1, 2008, 01:05 AM
http://www.latimes.com/news/local/la-me-budget1-2008sep01,0,6965137.story
SACRAMENTO -- As the Legislature lurched to its close Sunday with no budget in place, California toppled its own record for fiscal dysfunction.
Never in recent memory has August ended without a spending plan, so the state is now thrust into uncharted territory.
That means one with a mechanism to limit future spending, with temporary taxes to help wipe out the state's $15.2 billion in red ink and without the multibillion-dollar borrowing from local government and transportation accounts that some lawmakers appear to favor.
Others in the Capitol say the stalemate may indeed last into next year, leaving the incoming class of legislators, many of whom will be rookies elected in November, to solve the problem.
Meanwhile, hospitals, community colleges, day care centers and other facilities dependent on state funds go without the money they need to operate.Saturday afternoon, Schwarzenegger issued a statement calling a budget proposal by legislators in his own party "not fiscally responsible." Spokesman Aaron McLear called the negotiations "a fluid process" and said Schwarzenegger is sticking to his vow: no budget, no convention. That also probably means several legislators who serve as delegates and State Sen. Abel Maldonado R-San Luis Obispo, who is scheduled to speak Wednesday, will be delayed, if they make the convention at all.
http://www.mercurynews.com/ci_10346368?source=most_viewed
Even MORE bad news for GOP convention planners?
~ CB
SACRAMENTO -- As the Legislature lurched to its close Sunday with no budget in place, California toppled its own record for fiscal dysfunction.
Never in recent memory has August ended without a spending plan, so the state is now thrust into uncharted territory.
That means one with a mechanism to limit future spending, with temporary taxes to help wipe out the state's $15.2 billion in red ink and without the multibillion-dollar borrowing from local government and transportation accounts that some lawmakers appear to favor.
Others in the Capitol say the stalemate may indeed last into next year, leaving the incoming class of legislators, many of whom will be rookies elected in November, to solve the problem.
Meanwhile, hospitals, community colleges, day care centers and other facilities dependent on state funds go without the money they need to operate.Saturday afternoon, Schwarzenegger issued a statement calling a budget proposal by legislators in his own party "not fiscally responsible." Spokesman Aaron McLear called the negotiations "a fluid process" and said Schwarzenegger is sticking to his vow: no budget, no convention. That also probably means several legislators who serve as delegates and State Sen. Abel Maldonado R-San Luis Obispo, who is scheduled to speak Wednesday, will be delayed, if they make the convention at all.
http://www.mercurynews.com/ci_10346368?source=most_viewed
Even MORE bad news for GOP convention planners?
~ CB
