Happy Day After No California Budget Day!

Friday, July 02, 2010 , , 4 Comments



Surprise surprise, we hit July 1st without a budget in place and have suddenly been forced to take drastic measures which include not paying state vendors and cutting state employees down to minimum wage. If you ask me it's only right to knock some of our state workers down a peg but not like this and not because our state couldn't figure out how the hell to pay its bills.

Same old same old in the Golden State, kids. I will most definitely be out of here by the fall and therefore not hanging around for next year's budget disaster.

Reuters:
California Governor Arnold Schwarzenegger ordered state workers to be paid minimum wage as the fiscal year started on Thursday without a budget, but in a sign of the paralysis gripping the state -- and facing a new governor in November -- the state controller refused.

State leaders have failed to approve a budget on time in 19 of the past 25 years and Republican Schwarzenegger said that without a fiscal plan, the state, with few exceptions, has to pay the minimum required by federal law, or $7.25 an hour.

Democrat Controller John Chiang, who is appealing the ruling, said he would pay full wages until the appeal process is done.

Checks don't go out for weeks yet, but the two parties are wildly far apart on how to close a gaping shortfall estimated at more than $19 billion.

Run, Arnold, run!

Oh and Furlough Friday is somehow over (because they only have to pay state employees $7.25 an hour - $9 something in San Francisco) so CPA exam candidates in California can expect to get their applications processed faster because of the extra day or expect to wait weeks longer because let's face it, who busts their ass for $7.25 an hour?

There is no possible way this can turn out bad (?)

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

4 comments:

elf2006real said...

Well they and their unions helped break the budget. Not to mention - when you're unemployed 7.25$ sounds OK, at least it did to me...

Welcome to the real world.

Now can we get the pensions and benefits aligned with the real world as well? Then we'll see some screaming.

I hope Christie here in NJ does the same thing....

Anonymous said...

How 'bout getting wall street and CEO salaries aligned with the real world?

I wonder how Californians would react to "Greek style" austerity measures. More at:

http://wjmc.blogspot.com/2010/05/how-would-californians-react-to.html

If Gov Schwarzenegger is successful in limiting wages for state workers to the national minimum wage, then we might very well see how Californians will react first hand.

Thanks for the opportunity to comment...

Anonymous said...

You could be in worse shape - just look at Illinois. I guess sometimes a girl's gotta do who a girl's gotta do. In the land of milk and honey, you must put them on the table.