State budget impasse hits some people hard
(09-17) 04:00 PDT Sacramento - --
Sudha Gupta hasn't received a paycheck since July 31, but each day she and the 22 other teachers at Creative Montessori Learning Center in East Palo Alto dutifully come to work to serve 200 mostly low-income preschoolers.
Gupta and her colleagues don't work for the state, but they are among a growing number of Californians whose everyday lives - and pocketbooks - are being impacted by the impasse over the state budget, which is now 79 days late.
Even though most bills are still being paid, California law prohibits state Controller John Chiang from making certain payments unless a budget is in place. The losers in the governor's and Legislature's delay in passing a budget include health clinics that serve the poor, college students who qualify for financial aid, and state-funded child-development programs, which serve more than 270,000 children statewide.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/09/16/MN5P1FDA73.DTL#ixzz100dUmesY
2008 Was The Most Serious Financial Crisis since the 1929 Wall Street Crash. When viewed in a global context, taking into account the instability generated by speculative trade, the implications of this crisis are far-reaching. The financial meltdown will inevitably backlash on consumer markets, the global housing market, and more broadly on the process of investment in the production of goods and services.
Subscribe to:
Post Comments (Atom)
NY Times: Business Owners Hiring Mercenaries as Police Budgets Cut
In Oakland, Private Force May Be Hired for Security In a basement office that serves as a police headquarters and community center, Oakland ...
-
The poor are fleeing our cities, but life is not always greener in the suburbs, even when affordable housing comes with a two-car garage. Th...
-
For automakers, there will be little short-term gain from culling dealers, but the time to do it is now. DETROIT'S DOWNFALL * Auto d...
-
THE days when subprime mortgages were what kept bankers awake at night are long gone—though thanks only to the barrage of explosions in oth...
No comments:
Post a Comment