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Article: Bailout revenues don't spell relief for court system.(Law)(statewide cuts)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 15, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NOT everyone is breathing easier with the passage of Proposition 57, the $15 billion state bailout measure approved by voters earlier this month.
State Sen. Joseph Dunn, D-Santa Ana, chairman of the Senate Budget Subcommittee on the Judicial Branch, said revenues from the bond offering would have little impact on the unfolding budget crisis in the courts. "The reason," he said, "is the $15 billion bond measure included only $3 billion in new dollars. The remainder was for refinancing of past debt."
L.A. Superior Court generally receives a 30 percent share of statewide allocation for court funding. This year a $50 million cut is anticipated if the budget ...