August 13, 2009 By News Report
"While we can finally put an end to this difficult, and frankly, shameful chapter in the state's history, it does not bring an end to our fiscal challenges." -- John Chiang (pictured)
California Controller John Chiang today said that the state will cease issuing IOUs on September 4. The state -- which failed to enact a budget until July 28 -- thus closed out a $21 billion budget deficit. The state ran out of money following voter disapproval of revenue-generating measures, and began issuing IOUs on July 2.
"The State of California owes a debt of gratitude to the thousands of individuals and businesses that were forced to bear the brunt of the state's chronic fiscal mismanagement," said Chiang in a release. "Along with short-term loans that are routinely obtained in the fall, this spending plan should provide sufficient cash to meet all of California's payment obligations through the fiscal year.
"While we can finally put an end to this difficult, and frankly, shameful chapter in the state's history," continued Chiang in a statement, "it does not bring an end to our fiscal challenges." The state still needs to borrow another $10.5 billion to make ends meet.
This Digital Communities white paper highlights discussions with IT officials in four counties that have adopted shared services models. Our aim was to learn about the obstacles these governments have faced when it comes to shared services and what it takes to overcome those roadblocks. We also spoke with several members of the IT industry who have thought long and hard about these issues. The paper offers some best practices for shared government-to-government services, but also points out challenges that government and industry still must overcome before this model gains widespread adoption.