How Quick Loans Figure into California Budget

Governor signed budget, now what?
Friday, Arnold Schwarzenegger signed California’s much-debated budget, which includes quick loans, hefty tax increases and deep spending cuts. So what’s next?
The tax man cometh
New income taxes, sales taxes and vehicle license tax will kick in on April 1, according to the Los Angeles Times. The dependent [...]

California flag

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 [...]

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