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August 2010

Another Day, Another Post on the Municipal Bankruptcy Bill

AB 155 was approved today by the Senate Local Government Committee on a 3-1 vote. The Committee focused its discussions on new amendments that provide an alternative to the CDIAC process. Unfortunately, the potential for significant delay still exists, placing local programs and services at risk.

Amendments Spark AB 155 Activity

AB 155 is back, amended and scheduled to be heard in the Senate Local Government Committee on Tuesday, August 24.

Deferrals to Come Early

Today, the Department of Finance, State Controller’s Office, and State Treasurer’s Office jointly determined the need to exercise the authority available to them under Government Code Section 16325.5(e) and move the 90-day deferral of social services payments to counties from October 2010 to September 2010.  This means the payments will eventually be made in December [...]

It’s Back… AB 155 Returns to the Senate Floor for End of Session Vote

Just like that, arguably the most hated bill of the 2009-10 legislative session is revived.

IOUs, Bills, and Unemployment (Oh My)

IOUs are soon to come, bills are quick to pass, and unemployment is slow to drop: a news smorgasbord.