The California state Legislature ended its session on August 31st. Constitutionally, they had to pass any bills that were outstanding by midnight this past Monday, or it would die and they would have to re-introduce them after the November elections.
Constitutionally, they were also supposed to pass a budget by June 30th [Calif. Const. Art. IV, Sec 12(c)(3)]. This is one provision that California legislators regularly ignore. Some 64 days after that deadline, this state limps along while the financial market starts thinking of how many more interest points it can charge due to fiscal volatility and the rest of the nation laughs for the clowns that the politicians are.
The following is an open letter to Governor Schwarzenegger, who can call a special session of the legislature, to do so and get the budget passed. Read more »