by Bill McBride on 8/18/2010 07:30:00 PM
Wednesday, August 18, 2010
From Bob Egelko at the San Francisco Chronicle: Furloughs back on starting this Friday
The state Supreme Court allowed Gov. Arnold Schwarzenegger on Wednesday to resume unpaid furloughs of 144,000 state employees for three days a month, starting this Friday ... The governor ordered the new round of furloughs in late July, claiming executive authority to cut costs while the state faces a $19 billion deficit.And from Michelle Cole at The Oregonian: With projected revenues dropping by as much as $1 billion, Oregon leaders debate what to do (ht Scott)
On Tuesday, Gov. Ted Kulongoski advised legislative leaders, school superintendents and agency directors that state economists expect tax collections to be down significantly more than the $577 million shortfall projected in May. ... Now state economists believe revenues will shrivel by an additional $200 million to $500 million, prompting Kulongoski to send a flurry of letters and notices warning of more cuts to schools and state services.Just a couple reminders that there are more state and local cuts coming ...
Posted by Bill McBride on 8/18/2010 07:30:00 PM