Which Way, L.A.?
Breaking California's Bank
Barring a political miracle, California will be paying bills with IOU's starting tomorrow. The Governor's ordered a third furlough day every month for state workers and another legislative session. Is there an end in sight? On our rebroadcast of today's To the Point, six states, including California, failed to pass spending plans last night in time for the new fiscal year.
By Warren Olney • • 54m ListenIt's the first day of a new fiscal year and the state budget's in worse shape than ever. Can the Governor and the Legislature resolve their differences in the next 45 days? Also, LA County's sales tax jumped to almost 10% today. Will it produce as much as voters expected when they passed it last year? On our rebroadcast of today's To the Point, six states, including California, failed to pass spending plans last night in time for the new fiscal year. Are bloated expenditures being brought under control or are states balancing budgets by cutting services people need?
