California Budget Crisis Diaries: From students to unions:
"Students and their supporters are not putting up with the University of California budget cuts and fee hikes, local governments whose property taxes were borrowed by the state now have recourse, and a majority of California state worker’s union contracts are expired. What does this mean?
Recouping local property taxes: On Monday, Governor Schwarzenegger signed SB 67, clean-up legislation that allows local governments to make up for property tax borrowed by the state. A new third party known as California Communities, a coalition between the League of California Cities and California State Association of Counties, is issuing bonds, the proceeds of which will be lent back to cities facing budget gaps."
"Students and their supporters are not putting up with the University of California budget cuts and fee hikes, local governments whose property taxes were borrowed by the state now have recourse, and a majority of California state worker’s union contracts are expired. What does this mean?
Recouping local property taxes: On Monday, Governor Schwarzenegger signed SB 67, clean-up legislation that allows local governments to make up for property tax borrowed by the state. A new third party known as California Communities, a coalition between the League of California Cities and California State Association of Counties, is issuing bonds, the proceeds of which will be lent back to cities facing budget gaps."