State Budgets Get Stalled

The new fiscal year for 46 states started this week. But eight states had to extend their legislative sessions in order to balance their 2010 budgets. California is even issuing IOUs as a stop gap measure to pay local governments, businesses and taxpayers. With us this morning to assess what is going on with the stalling of state budgets is Michael Bird; he’s the Federal Counsel to the National Conference of State Legislatures, a group that advocates for state government’s interests. We also have Dan Walters, political columnist at the Sacramento Bee , who’s been following the story on California’s budget crisis.