State treasurer Bill Lockyer dropped a little bomb on the IGS Conference/Lookback at the 2010 Guv's race in California. "T-Bill" as he calls himself, said the state could be issuing IOUs in May -- if Gov. Brown and the Legislature don't pass a budget in a "timely way." Or as T-Bill put it:
If they are "unable to meet their self-imposed deadlines to adopt a budget in a timely way to address the current, very substantial shortfall in current accounts," Lockyer said.
Brown advisor Steve Glazer said that governor "submitted his budget and called for prompt consideration" within 60 days.
So, Legislature: Ball's in your court. Tick...tock...tick...
Count Lockyer in the camp with Brown on combining cuts with extending various taxes -- the measure that Brown wants to put on the ballot in June. If that doesn't pass, Lockyer -- when asked -- outlined a doomsday scenario Saturday that few in Sacramento want to talk about. Stuff like cutting six weeks off of the public school calendar.
Friday, January 28, 2011
SFGate: Six weeks cut from school year?
This from SFGate: