California Governor Arnold Schwarzenegger has declared a state of emergency in the state. The reason is due to the financial state of the state. Schwarzenegger is putting pressure on California lawmakers to help close the $19 billion budget gap that the state currently has.
As part of the declaration, thousands of state employees will be taking mandatory furlough days three times each month starting in August. This will help the state hold on to some of its cash to pay for essential services. Unfortunately, it will end up costing state employees a lot of money. Three days of furlough each month is huge.
Partisan Politics Plays Role in California Budget Disaster
The governor and the lawmakers in California are at an impasse on the stateâ€™s budget. The budget was actually due months ago. However, this problem is expected to continue for many weeks because of the partisan politics going on in California. The State of California is losing its credit rating over this disaster, so it will likely be hard for it to get credit in the near future.
This is a horrible disaster for the entire state. However, the employees who will start losing 3 days of pay each month will bear the biggest load it seems. They have got to get this thing figured out quickly. Uncertainty about a job is just a horrible way to live.
Â© Copyright: 2010 Kate James at Gather.com