State stands to forfeit $3 billion in possible cuts
July 1, 2009
State stands to forfeit $3 billion in possible cuts Reporting from Sacramento -- State leaders will forfeit more than $3 billion in potential budget cuts when their fiscal year ends at midnight if lawmakers and the governor fail to resolve their dispute over how to end California's financial crisis. The state Senate is planning to remain in session until then in a last-ditch effort to pass the cuts, which would stave off, at least temporarily, the IOUs that officials are set to beginNike Air Jordan 2009 issuing Thursday in lieu of some bill payments. But Republican lawmakers have so far blocked the plan, which mostly consists of education cuts and which the Assembly passed last week. And Gov. Arnold Schwarzenegger has said he would not sign such a "piecemeal approach" to balancing the budget, a message he reiterated this afternoon. "It will be vetoed without any doubt," the Republican governor told reporters. Amid the friction, a state panel that sets compensation for elected officials this morning cut car allowances, health coverage benefits and tax-free living-expense payments for California legislators. The 18% benefits reduction by the California Citizens Compensation Commission follows a salary cut of 18% enacted previously to affect lawmakers elected after this year. The decrease in Mild Seven cigarettesbenefits, however, will take effect Dec. 1 of this year and save $1.2 million annually. "The state of California is in dire straits, and we have to do our bit to adjust the benefits to help with the budget problem," Chairman Charles Murray said after the commission's 5-0 vote, which came despite the panel's lawyer advising that it did not have the authority to reduce the living-expense payments. That action, if it stands, would cut the $36,000 tax-free annual expense benefit by about $6,480 a year. The state also pays $350 in monthly car costs. The commission's action would cut that by $63, which lawmakers who drive state-purchased cars in their districts would have to absorb. The state has spent $3.2 million during the last three years buying Nike Trainer Dunkcars for legislators, covering gas cards and paying to repair the vehicles when they break down or are damaged in accidents. Meanwhile, Schwarzenegger, who has scolded lawmakers for wasting time on budget solutions he won't support, said he believed a deal was still possible by the end of the day. Few in the Legislature appeared to share his optimism. In a letter sent Monday, two top Democratic lawmakers asked administration officials how the governor would replace the $3.3 billion in cuts. Mike Genest, the governor's finance director, said the administration had not come up with a plan yet. "I cannot imagine why a chief executive who has a year and half remaining on his term would want to put the state in the hole $3 billion more," said Senate President Pro Tem Darrell Steinberg (D-Sacramento). State Controller John Chiang, who is essentially California's banker,Nike air jordan 10.5 shoes has said he will begin issuing IOUs on Thursday if a budget agreement is not reached. That would delay payments to vendors and to others who rely on the state, including the elderly, the poor and disabled. At least one financial institution, the Golden 1 Credit Union, said today that it plans to accept the state's IOUs from its 710,000 members, some of whom are state contractors.
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