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State Senate Adjourns Without Budget, New Tax Hikes, or New Spending Cuts
By Chris Emami | 06/30/09 | 01:32 AM EDT | 0 Comments
The State Senate just adjourned its 12.5 hour session shortly after 10:00 PM. The bad news is that no budget and no spending cuts were approved. The good news is no tax increases were approved.
They will reconvene at 9:00 AM tomorrow. The fiscal year ends at 11:59 PM tomorrow. At this point, 25.5 hours remain to make any cuts to fill the multibillion dollar deficit from this fiscal year. They will have to separately cut spending from next fiscal year's budget to match that budget's multibillion dollar deficit, which they adopted in February to take effect on July 1, which starts 25.5 hours from now.
0 Comments | Related Topics »CALIFORNIA | Los Angeles County (CA) | Orange County (CA) | Placer County (CA) | Sacramento County (CA) | Ventura County (CA)
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