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Politics : Politics for Pros- moderated

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To: NickSE who wrote (2625)6/30/2003 12:15:38 PM
From: NickSE  Read Replies (2) of 793917
 
Calif. Near Financial Disaster
Hours Remain to Solve $38 Billion Shortfall

washingtonpost.com

LOS ANGELES -- Any day now, community colleges here may begin telling faculty members that they cannot be paid and students that summer classes are canceled.

Nursing homes are losing so much state aid that many soon may have to shut down or limit their services, a prospect that has elderly residents confused and frightened.

As many as 30,000 government workers who had been expecting pay raises in the fall are instead receiving formal notices warning that they could lose their jobs by then, because the state is broke.

This is life in California, on the brink of a fiscal disaster.

[cont'd...]
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