No Progress on the California Budget Front

Another week and there’s absolutely no progress on the California budget front. Republicans won’t vote for anything with a tax increase and Democrats won’t vote for anything without a tax increase. The latest Republican proposal (which has major budget cuts and some borrowing from the state lottery) was derided by Assembly Speaker Karen Bass (D-Los Angeles) as a “…blueprint for economic disaster.”

Needless to say, I don’t expect any progress in the near future. Meanwhile, payments to state vendors will likely stop sometime in late September.

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