Big 5 | pension | State Budget
State Fiscal Developments as of July 1
The new state fiscal year has begun with no budget enacted. In the short term, there are few consequences although the longer the no-budget period drags on, the more notable the impact as various state suppliers and local entities are not paid. UC has typically been able to deal with prolonged budget delays although certain payments to it are delayed. A list of what the state controller can and cannot pay can be found at: http://www.sco.ca.gov/July_2010_payments.html Until a day or so ago, there were 3 budget plans: the governor’s May revise and separate plans from the Democrats in the assembly…