State Budget Crisis Officially Starts

With all the hype surrounding the Deborah Edgerly scandal, could we be missing something important going on? Hmmm. How about the fact that the state of California still has a $15 billion budget deficit? The new fiscal year began yesterday, and lawmakers aren’t even close to reaching a deal on whether to raise taxes, cut spending, invent cold fusion, or counterfeit money. But according to the San Jose Mercury News, that didn’t stop legislators from going home for a month-long vacation! state Senate President Don Perata is sure to be working to reach a deal, of course, and he told the Merc that he won’t tolerate massive the spending cuts proposed by the guv and Republicans in the legislature. The proposed deadline to reach a deal is August 1, but we’ll take even money that won’t happen.

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