California controller says disappointing tax receipts will push state into bigger deficitOctober 9th, 2009 California controller warns of bigger deficitSACRAMENTO, Calif. — California's state controller is warning that disappointing tax receipts will push the state into a bigger budget deficit than expected.
Calif. will begin redeeming IOUs as interest payments will cost taxpayers nearly $10 millionSeptember 3rd, 2009 Calif. to pay nearly $10 million on IOU interestSACRAMENTO, Calif. — California taxpayers will pay nearly $10 million in interest on the nearly half a million IOUs the state has issued this summer.
California to stop issuing IOUs to thousands of vendors on Sept. 4 as state budget stabilizesAugust 13th, 2009 Calif. to stop issuing IOUs s budget stabilizesSACRAMENTO, Calif. — The California controller says the state can stop issuing IOUs to vendors on Sept.
California lawmakers, Schwarzenegger brace for debate on budget deal of tricks, deeper cutsJuly 23rd, 2009 Calif. lawmakers begin debate on $26B budget dealSACRAMENTO, Calif. — Whether California can stop issuing IOUs or continues to slide toward insolvency is in the hands of state lawmakers, who are being asked to vote on a complex budget plan struck by Gov.
Legislative leaders, Gov. Schwarzenegger set to discuss final details on California's budgetJuly 19th, 2009 Calif. lawmakers, Schwarzenegger to discuss budgetSACRAMENTO, Calif. — California officials are set for talks they hope will iron out the final details to closing the state's $26.3 billion budget deficit.
Lawmakers, governor hope to seal deal Sunday on how to erase California deficitJuly 18th, 2009 Deal possible Sunday on California budgetSACRAMENTO, Calif. — California officials hope to reach a deal Sunday on how to erase a $26.3 billion budget deficit that has forced the state to issue IOUs for the first time in nearly 20 years.
With warnings of financial ruin come and gone, Calif. sees doomsday at the end of AugustJuly 10th, 2009 Calif. fiscal experts see late August as deadlineSACRAMENTO, Calif. — It was only weeks ago that lawmakers, finance officials and the governor were warning that California was headed over a financial cliff.
As budget deficit grows, cash-strapped California prepares to issue IOUsJuly 2nd, 2009 As deficit grows, Calif. prepares to issue IOUsSACRAMENTO, Calif.
Schwarzenegger declares fiscal emergency in California, orders offices closed 3 days a monthJuly 1st, 2009 Schwarzenegger declares Calif. fiscal emergencySACRAMENTO — Gov.
Calif. Senate fails to break budget deadlock as fiscal year ends; state prepares for IOUsJuly 1st, 2009 Calif. Senate fails to break budget deadlockSACRAMENTO — The California Senate has shut down for the night after failing to approve a stopgap plan to stave off the need for IOUs and ease the state's $24.3 billion budget deficit. Voting largely along party lines, the Senate rejected three bills designed to save $5 billion, including $3.3 billion in education funding cuts that had to be enacted by midnight Tuesday.
Calif. budget deadline looms as lawmakers make no progress on fixing $24.3B state deficitJune 30th, 2009 Calif. lawmakers face deadline to avoid IOUsSACRAMENTO, Calif. — A midnight deadline loomed Tuesday as California lawmakers and Gov.
California controller says issuing $3B in IOUs a sign of fiscal mismanagementJune 27th, 2009 Controller: IOUs signal Calif fiscal mismanagementSACRAMENTO, Calif. — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday.
California controller says issuing $3 billion in IOUs a sign of fiscal mismanagementJune 27th, 2009 Controller: IOUs signal Calif fiscal mismanagementSACRAMENTO, Calif. — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday.
California lawmakers fail to pass stopgap measure to avoid IOUs, budget deal remains distantJune 26th, 2009 California Senate rejects cash-saving proposalSACRAMENTO, Calif. — Republicans in California's Senate have blocked a complicated cash-saving maneuver intended to help the state avoid issuing IOUs for services provided by thousands of independent contractors.
Calif. lawmakers remain deadlocked over solving budget crisis; IOUs expected next weekJune 26th, 2009 Calif. IOUs loom as lawmakers remain at impasseSACRAMENTO, Calif. — California lawmakers remain at an impasse over solving the state's $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs.
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