The worrisome state of California’s finances extends beyond business, says Jack Kyser, Chief Economic Advisor at the Southern California Association of Governments. "People are concerned about the long-term impact on California – on education, especially the University of California," and on transportation and other infrastructure spending, he says. There is talk among analysts that there may be no state budget until Schwarzenegger leaves office in January. But one silver lining could be that voters might evaluate the wisdom of California’s high requirement to pass a budget — two-thirds of the legislature.

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by Daniel B. Wood, The Christian Science Monitor.

Posted: July 29th, 2010, by: admin. Categories: . Awaiting Comments.