News Headlines Article

Budget battered by end of stimulus, start of health reform
California Watch

California is grappling with a fiscal crisis again, and this time the goose that laid the golden egg has flown. In other words, the millions in stimulus funds that helped prop up the state’s lagging coffers are drying up, further darkening an already dismal budget picture. Complicating matters, the federal health reform law appears to add a significant budget obligation in coming years, according to a report released last week by the Legislative Analyst’s Office.