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"TRIP" -- New State Financing Tool Available to Counties
CSAC Seeks Counties' Support in Human Services Funding Deficit Effort
Call for Reform of Municipal Bond Rating Standards
Budget Conference Committee Keeps Grinding Along
June 27 -- The Budget Conference Committee convened today for the first time in over a week and voted out a number of issues. These issues were primarily related to state operations, where consensus or compromises were achieved. The Committee adjourned by noting a strong likelihood that it would reconvene on Monday, June 30, if work over the weekend on budget language related to items in the corrections, resources, and health areas was successfully negotiated.
Local government, education, and social services budget issues were not taken up, as these key budget areas will likely require negotiations with the legislative leadership and the Governor. While the pace of bringing budget items to a close remains modest, the conferees continued their discussions cordially. The Conference Committee remains hopeful that more issues will be settled in the coming days.
Controller Shares Consequences
of Late State Budget
June 27 -- State Controller John Chiang, the state's chief fiscal officer, has released a list of disbursements his office cannot make if a State Budget is not enacted by July 1, the beginning of the state's new fiscal year. Controller Chiang included this information in a letter to legislators.
Although the Controller states he will do everything within his authority to continue to provide payments for essential services, a number of constitutional and legal restrictions prevent the Controller from making certain types of payments without a budget by July 1. These include payments to:
Mailing Address: 1100 K Street, Ste. 101, Sacramento, CA 95814
