IOUs are looming even if a budget deal really is near, so what can be done?
State Controller John Chiang announced today that he would not have to resort to issuing IOUs during the month of September.
(UPDATE – 3/4/2010) The clean-up bill, ABX8 14, passed the Senate and the Assembly and will be sent to the Governor. As a reminder, this measure authorizes counties and cities to utilize Prop 1B funds during the HUTA deferrals and requires that such loans be repaid to the Prop 1B account with interest. Governor Schwarzenegger [...]