The Legislative Analyst’s Office released its November budget forecast today, announcing a projected $25.4 billion state budget deficit for 2011-12.
Last week, Stateline.org ran a series of stories examining the impacts of state cash shortfalls in California, Illinois, and New York.
State Controller John Chiang announced today that he would not have to resort to issuing IOUs during the month of September.
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.
AB 155 is back, amended and scheduled to be heard in the Senate Local Government Committee on Tuesday, August 24.