Word: furlough
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...budget sessions to a "suspense movie," Schwarzenegger thwarted a request by state Democrats to raise taxes and said the $12.9 billion hike in February was enough. Having issued some $680 million in IOUs and put nearly every member of the state workforce on a mandatory three-days-a-month furlough program, California plans to save an additional $1.2 billion by deferring employee paychecks until the next fiscal year...
...Board of Regents approved on July 16 an emergency budget plan that would force 80% of the system's 180,000 employees to take unpaid furloughs of 11 to 26 days over the next year. UC president Mark Yudof said the furlough plan was preferable to layoffs in an enormous system that includes five medical centers, three national laboratories and 225,000 graduate and undergraduate students. UC officials have yet to secure agreement on the furlough plan from the unions that represent 35% of university employees. (See pictures of the career of California First Lady Maria Shriver...
...furloughs will only cover approximately a quarter of the UC deficit. The rest will come from a 10% increase in tuition, debt refinancing and dramatic budget cuts at individual UC campuses, as testimony to the Board of Regents from the system's chancellors revealed on July 15. At UC Berkeley, according to Chancellor Robert Birgenau, campus libraries will be closed on Saturdays and will no longer stay open 24 hours during final exams (a longtime campus tradition). He said UC Berkeley is "the only university among our competitors whose faculty are taking a furlough," adding that faculty salaries already...
...Travia, director of OAODS, said that he could not share information on how much money is being saved through the hours reductions. But he said student traffic is certainly "considerably lower" during the summer months than during the academic year, and that he did not expect the week-long furlough for the office to cause any disruptions for students or internal operations. He said that during the slow summer months, his office typically reviews research and data collected over the course of the year, writes reports, reviews policy and procedures, and prepares for the incoming freshmen...
...negotiations stalled, a cash crisis looming and its fiscal crisis deepening, California today will begin issuing IOUs - formally called registered warrants - to tens of thousands of businesses and individuals to whom the state owes money. Gov. Arnold Schwarzenegger on Wednesday declared a fiscal emergency and ordered a third unpaid furlough day each month for 235,000 state employees. California's fiscal crisis has been years in the making and will not be easy to fix. But is there a solution...