California Budget Thwarted by Voters

California budget measures voted down
Governor Schwarzenegger had high hopes when he laid out plans in the California for out to deal with his state’s huge deficit.
Turns out his hopes were too high. Voters rejected the California budget measures by a pretty hefty margin.
Read their lips: no new sales tax
One measure [...]

I guess Schwarzenegger is just not as convincing in a tie.

Could Legalizing Marijuana Fix California’s Economy?

Bill would regulate, tax cannabis
Assemblyman Tom Ammiano in California thinks he has come up with a partial solution to the state’s budget problems: legalize marijuana.
The Democratic lawmaker introduced the bill Monday. The proposal would allow people older than 21 to buy, sell and grow marijuana.
Cash crop
According to a video on [...]

Will Ammiano's bill to legalize marijuana get the green light in California?

California Passes Budget | Short Term Loans Help Close Budget Gap

Loans, taxes, spending cuts to aid debt
The California Senate has finally agreed on a budget that closes the state’s $42 million budget shortfall through short term loans, tax increases and spending cuts.
The Assembly approved the budget minutes after the Senate, and now the budget only awaits the governor’s signature.
Final approval
After [...]

Governor Arnold Schwarzenegger

No Quick Loans For California | Budget Fails to Pass

Quick loans could help California
Looks like California could use some quick loans right about now. The state with the world’s eighth-largest economy can’t seem to get its budget on track. Even after lawmakers worked through the weekend, the state must continue budget negotiations.
Rough rules
California has a couple of things working [...]

Lawmakers had a rough weekend.

Counties Sue California | No Cash Advances Until Budget Passes

Trouble in the Sunshine State
Two counties in California are suing the state controller to get their cash advances for social services.  California Controller John Chiang last month said he would put tax refunds and some other payments on hold for 30 days while state lawmakers try to come to an [...]

(photo by wikimedia)

California Budget Crisis | Expecting Bad Credit Payday Loans

Behind on bills? You’re not alone
Pretty soon the only financial help I’ll be eligible for is bad credit payday loans. I’m behind on my heating bill and my cable bill. I have medical bills from  more than a year ago that still aren’t paid off. Why would I be so [...]

Leaders at the State Capitol in Sacramento are struggling to keep up with the bills