Crunch Time in California as Budget Deadline Looms

It’s crunch time in California. According to state law, lawmakers only have a week left to wrestle a budget over to the governor’s desk, and they just started tackling the beast. The legislature mostly held off on making difficult budget decisions on closing the state’s $16 billion deficit, waiting for Tuesday’s primary election to play out. Now they have a very short window to battle over Gov. Jerry Brown’s proposed $91.4 billion budget. State law says the budget should be passed by June 15. The new fiscal year starts July 1.

Bond Buyer

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s