Patt Morrison for January 14, 2009

Lawmakers Argue While State Cash Burns

California's legislative analyst, Mac Taylor, issued a report today in which he warns the state's cash shortage may cause a delay in millions of taxpayers getting their tax refunds. He has called the forty-two billion dollar budget shortfall "colossal" and says that it has pushed the state to "the edge of disaster." He posits that only by balancing the budget through increasing state revenues and decreasing expenditures can the state be pulled back from this cash abyss. What will it finally take to come to a budget agreement that makes sense and stops the bleeding of state finances?

* John Myers, Sacramento bureau chief for KQED's California Report
* Assembly Speaker Karen Bass


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