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The State of California is continuting to experience a severe fiscal crisis, and legislators continue negotiations with the Governor for a budget that will resolve a 26 Billion dollar deficit. All state-funded programs have been slated to aborb millions of dollars in reductions to programs. The Department of Developmental Services was required to identify $334 million in reductions for the period from February 2009 through June 2010.
The State Controller has begun issuing IOUs as payments to state service providers, and HRC has received such a payment. If HRC determines that we will experience a delay in payment to service providers, we will inform you asap via this webpage and through email.
(source: http://www.harborrc.org/content/?args=dG1wbD0zJmNpZD0xMTQzJnNpZD0wJmFpZD0w)
You may also refer to the following newspaper articles:
From the Los Angeles Times State IOUs loom as foes'' battle lines harden http://www.latimes.com/news/local/la-me-california-budget2-2009jul02,0,4522104.story
Schwarzenegger outlines drastic budget cuts http://www.latimes.com/news/local/la-me-budget15-2009may15,0,6045334.story |