Tuesday, October 7, 2008

California News Roundup - October 7, 2008

New state budget plunges into the red -- The state budget approved only weeks ago is already falling into the red, and lawmakers may be forced to return to Sacramento this month to make emergency spending cuts and take other measures to keep California from running out of cash. The financial pressures on the state are numerous. Revenue is dropping precipitously as the economy falters. The global credit crunch may make it impossible for officials to obtain billions of dollars in short-term loans that they typically rely on at this time of year.


Dan Walters: Even with loan, California finances are upside-down -- California's political leaders sighed with relief last week when Congress passed the $700 billion bailout of the banking industry, hoping that banks now will lend the state $7 billion this month to stave off a cash crunch – but their semi-optimism is misplaced.


Cash-strapped California looks to its pension funds -- Sen. Dean Florez, D-Shafter, has proposed that the California Public Employees' Retirement System purchase the state's looming debt. The money would keep California operating – including paying state employee payroll and funding schools – into next year.


Bride, groom restored to marriage licenses -- The words, "bride" and "groom" will be restored on all California marriage licenses starting next month, state health officials announced Monday. On June 16, when same-sex marriage became legal in the state, the Department of Public Health issued new gender-neutral marriage forms with the words "Party A," and "Party B" in place of bride and groom.


Gay marriages in California surpass those in Massachusetts -- The data, released Monday by UCLA's Williams Institute, found that an estimated 11,000 same-sex couples were married in California from June 17, when the California Supreme Court began allowing the weddings, to Sept. 17. As of spring, 10,385 same-sex couples had wed in Massachusetts since the state legalized such unions in May 2004, according to a study by the institute released in July.


Prison health care ruling likely against state -- The federal judge who took control of California's decrepit prison health care system in 2006 made it clear Monday that he intends to order the state to pay the first installment of an $8 billion plan to bring the system up to constitutional standards.


Personal beliefs fuel Prop. 8 fundraising -- California ballot measure campaigns are usually money magnets, drawing huge sums from special interests that often have a financial stake in the outcome.

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