California tax revenue fell nearly $539 million below projections last month, pushing the state closer to automatic, mid-year budget cuts to schools, universities and social services.
California’s State Controller John Chiang has released another report showing the high salaries of some state employees.
Few tears are being shed for California lawmakers as the man who cuts the state’s paychecks decided that the Legislature will not be paid their salaries until they balance the state’s annual spending plan.
Governor Jerry Brown could submit a new plan for a balanced budget as early as Wednesday, after vetoing the one passed by the legislature last week.
California’s state controller on Tuesday halted paychecks for state lawmakers, saying their recently-submitted budget plan to Gov. Jerry Brown was not balanced as required by law.
State Controller John Chiang said Thursday he will withhold lawmakers’ pay starting June 16 unless they have passed a balanced budget by then.
Gov. Jerry Brown is ordering state agencies to recover millions of dollars in salary and travel advances that were given to state workers but never repaid.
California’s treasurer on Friday became the second state official to ask leading makers of AIDS medications to extend lower prices and rebates for drugs to help the state’s budget crisis.
Money managers have paid more than $180 million to middlemen as a way to gain investment business from the nation’s largest public pension fund, and at least some of those costs likely ended up being paid by the fund itself through inflated fees.
State Controller John Chiang said the unfunded cost of providing future health and dental benefits to retired state employees has grown by $8.1 billion in the past year, to nearly $60 billion.