* Democrats drop demands for tax hikes in budget * Top Republican lawmaker now expects progress toward deal * State sends 'IOUs' to preserve cash for priority bills (Recasts with Democrats dropping demands for tax increases,adds comments) SAN FRANCISCO, July 2 (Reuters) - Top ...Read More
SAN FRANCISCO (AP) - California's highest court is allowing the state to tell sunbathers they can be punished for enjoying public beaches in the buff - even in areas informally designated as "clothing optional." The California Supreme Court on Thursday denied ...Read More
Oct. 10 (Bloomberg) -- California Governor ArnoldSchwarzenegger will know within a month whether a $1.1 billiondrop in revenue collections is part of a growing budgetshortfall or an isolated event, his budget spokesman said. Revenue in the three months ended Sept. 30 ...Read More
The state House and Senate reportedly have worked out differences on a fiscal code - a complex and key piece of legislation known as the "instruction manual" of the budget. Approval in the two chambers is expected later today - Day ...Read More
Oct. 5 (Bloomberg) -- Pennsylvania Governor Edward Rendellpressed lawmakers for a new compromise budget, with alegislative impasse reaching its 97th day, after the Housepassed its own $28 billion spending plan. Rendell privately met with three Democrats from the Houseand three from ...Read More
But the governor said he hoped to meet today with both parties' legislative leaders in the latest effort to resolve a budget stalemate entering its 96th day. Republicans said they were willing to meet with him. Leaders in both chambers planned ...Read More
LANSING ? After missing the midnight deadline and causing a brief, technical shutdown of state government, lawmakers early this morning approved most of a new state budget and a temporary budget that got the state gears moving again. The pile of ...Read More
LANSING -- There will be no state budget deal today. The Senate adjourned until Sunday afternoon at the earliest, as negotiations continued on several budgets. Lawmakers are racing toward an Oct. 1 deadline for a new budget and to erase a ...Read More
What's not wonderful is that the arts have been discriminated against in favor of sports. A person who wishes to see the world-class Philadelphia Orchestra, reported as being in dire straits, or the Pennsylvania Ballet, or a show at any ...Read More
Pennsylvania’s legislature and Gov. Ed Rendell reached a state budget deal Friday night, nearly three months after the June 30 deadline. The Philadelphia Inquirer was reporting that the $28 billion budget will include new taxes including levies on theatrical events, concerts ...Read More
HARRISBURG, Pa. -- Gov. Ed Rendell and legislative leaders reached a budget deal Friday that would end Pennsylvania's distinction as the last state still fighting over its annual spending plan. Details about the agreement were not immediately available, but the Democratic ...Read More
House Majority Leader Todd Eachus (D., Luzerne) said last night that he and Republican counterparts in the Senate will hold a news conference at 11 a.m. today in the Capitol to announce the agreement. "It is now Sept. 10. Tomorrow will ...Read More
SAN FRANCISCO, Sept 2 (Reuters) - Bank of America Corp(BAC.N) and Wells Fargo & Co (WFC.N) said on Wednesday theywill accept IOUs issued by California's state government topreserve its dwindling cash during its budget crisis. Bank of America will accept the ...Read More
Bank of America and Wells Fargo said Wednesday that they will soon start cashing California IOUs for their customers. Wells (NYSE: WFC) will start cashing IOUs on Sept. 4, the same day the state will begin redeeming its IOUs. BofA (NYSE: ...Read More
NEW YORK -- California will have enough cash to enable the hard-pressed state to stop issuing IOUs on Sept. 4, Controller John Chiang said Thursday. He said current cash-flow projections show the Golden State still needs to borrow $10.5 billion to ...Read More
July 25 (Bloomberg) -- California Governor ArnoldSchwarzenegger will spend the weekend trimming $1 billion fromthe state budget, after lawmakers rejected two parts of a planto erase a $26 billion deficit that threatened the largest U.S.state with insolvency. The governor said he ...Read More
SACRAMENTO (AP) — Gov. Arnold Schwarzenegger and California's legislative leaders agreed Monday on a plan to close the state's $26 billion budget shortfall, potentially getting the state back on firm financial ground so it can stop issuing IOUs. The governor and ...Read More
Monday's budget agreement followed weeks of wrangling Governor Arnold Schwarzenegger and leading California legislators say they have agreed a plan to close a state deficit of more than $26bn (£17bn). Mr Schwarzenegger said the plan would include $15bn of spending cuts ...Read More
SACRAMENTO, Calif. - A deal to solve California's $26.3 billion budget deficit could come as early as this weekend after legislators and Gov. Arnold Schwarzenegger made "huge progress" during hours of closed-door negotiations, state lawmakers said. "This thing is coming to ...Read More
SACRAMENTO, California (Reuters) - California Governor Arnold Schwarzenegger said on Wednesday he was hopeful a deal with lawmakers to resolve the state's budget crisis by closing a $26.3 billion shortfall was near, perhaps even by the end of the day. But ...Read More
Lines forming for Harry Potter movie in Santa Cruz Santa Cruz area showtimes Harry Potter has kept his fans waiting for two years, the longest school break they have had to endure for a new movie adventure about the teen wizard. It's been ...Read More
