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State Fiscal Year Ends, No Budget Deal

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For the third consecutive year, California will is starting a new fiscal year today without a state budget in place. A partisan impasse over spending and taxes has deadlocked Republican and Democratic lawmakers and no agreement appears to be in sight.

The state faces a record $38.2 billion shortfall and is operating for the first time completely on borrowed money. Without a new budget, the state is unable to make millions of dollars in on-time payments to schools, community colleges, courts, state suppliers and others.

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Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
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  • Weather
  • Dining Guide
  • Classifieds
  • Events
  • Movies
  • Tourism
  • Polls
  • Traffic
  • Media
  • Real Estate
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