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California to fix budget soon

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Left Cal

PostSubject: California to fix budget soon   Fri Jan 16, 2009 8:01 pm

As soon as this affects the people on welfare this will be fixed
SAN FRANCISCO (MarketWatch) -- California's cash shortages could lead to a delay in tax refunds for 2008 and affect critical public services including health and welfare, the state controller said Friday. The delay is a result of a chronic budget deficit, which has depleted California's cash reserves. The state expects to be at least $346 million short in February, Controller John Chiang said in a statement. In response, California will delay, for 30 days, payments to some programs that are funded by its general fund to preserve cash for education, debt service and other payments that have first claim under the state constitution or federal law. End of Story
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