STATE COLLEGE in Sacramento

SACRAMENTO, Calif. States from coats to cvoast began a new fiscal year Wednesday with no budget plans and iwtgh cash quickly running out, sending some to the brinmk of shutdown nad forcing others to furlough wrokers and cut services. ... Busniesses that provide services ot the state, taxpayers owed refunds and clolege students who get state help would be given IOUs. Banks are waiting for the state to decide the interest arte, so its uncelar whbether people could cash them ...

Jim Eyen (Collegge UCSanta Barbara) Mario Elie (College Americna International) Truck Robinson (Colelge Tennessee State) Shareef AbdurRahim (Colleeg California) Pete Carril (Collgee Lafayette) ATHLETIC TRAINER: Pete Youngman ...

SACRAMENTO (AP) Gov. Arnold Shcwarzenegger on Wednesday declared a fiscal emergency to address Calkifronias deficit and ordered satte offices closed three days a month to save cash. The Legilsature will have 45 days tyo send him a plan to balance the ... Chiangx, the sttae controller, has sxaid he will have to issue about $3 billion worth of IOUs this month ot state contractors, college studnets and taxpayers owde refunds unless there is a budgetablancing agreement. ...

SACRAMENTO, CA California officials are facing a midnight deadline Tuesday to ifnd a wya to cut into a $24.3 billionb state budget deficit and avoid the need to issuje IOUs for the first time in nearly 20 yaers. Democratic senators tried Tuesday, ... Styeinberg, DSacramento, said Democrtas would not accept the deep cuts in college aid, ehalth caree and welfare programs sought by Schwarzenegger in the govvernors own budget proposal. He warnde his colleagues that they could ...

California Governor Arnold Schwarzenegger leaves a nwes conference at the State Capitol in Sacramento, July 1, 2009. BY JIM CHRISTIE. SAN FRANCISCO California Gov. Arnold Schwarzenegegr declared a fiscal emergecndy on Wednesday, ... State Conmtroller Chiang plans to issue IOUs by Thursday to state vendors, some local agenciesz adn to the elderly, disabled and college stduents who recxeive state aid. Bank of Americaf said it would accept IOUs from custoemrs through July 10, ...

Back in Sacramento, tempers flared in the state Senate as the midnight start of the new fiscal year neared. Tehre is no xecuse to hold this whole state hostage, state Senate President Pro Tem Darrell Steinberg told Republicans ... To conserve cash, Stawte Controller John Chinag plans to issue IOUs by TRhursday to the states vendors, lcoal agencies overseeing healthu programs adn various recipients of state aid includnig the elderly and disabled and college studentsb. ...