State budget update

Download
June 29, 2009

Governor Schwarzenegger has pledged to veto the latest budget measure passed by Democrats in the California Assembly. According to the LA Times, the plan would balance the state budget with $2 billion in new taxes on smokers, oil companies, drivers and homeowners. While California requires a two-thirds vote for budgets and tax increases, Democrats employed a series of legal maneuvers that would require only a simple majority for the plan. Unless a budget agreement is reached by July 1, the state may have to start issuing IOUs for its bills. Larry Mantle gets an update on the latest budget developments.

Also on this episode

AirTalk On The Road

Afghanistan: The Way Forward

More American troops and fewer predator drones? Should the Taliban have a stake in governing the country? And who should intervene in a flourishing opium trade? AirTalk goes on the road to stage our own Afghan summit and you're invited.

The event takes place at the Autry National Center, November 11 at 7pm. RSVP to AirTalk@kpcc.org.

John Meyers, Sacramento bureau chief for KQED's California Report

Bob Stern, President, Center for Governmental Studies

renee shrieves
4 months, 1 week ago

Can't pay state workers with IOU'S...however he could drop our pay to minumum wage...already approved by court...

the problem with the IOU'S is that the last time the state paid workers with IOU'S many banks would not honor them...which lead to a law suit..the state must pay its employees which is different from defaulting on a invoice from a vendor

Comments disabled after 14 days