ProHealth health Vitamin and Natural Supplement Store and Health
Home  |  Log In  |  My Account  |  View Cart  View Your ProHealth Vitamin and Supplement Shopping Cart
800-366-6056  |  Contact Us  |  Help
Facebook Google Plus
Fibromyalgia  Chronic Fatigue Syndrome & M.E.  Lyme Disease  Natural Wellness  Supplement News  Forums  Our Story
Store     Brands   |   A-Z Index   |   Best Sellers   |   New Products   |   Deals & Specials   |   Under $10   |   SmartSavings Club

Trending News

Meta-analysis links vitamin D deficiency with increased risk of mortality during 10.5 year median pe...

Prevent Or Reverse Diabetes: An Amazing Herbal Intervention

Exercise and Vitamin D Better Together for Heart Health

VIDEO: Essential Oils for Weight Loss

Can Valerian Root Help You Sleep Better?

Can Ginkgo Give Your Brain a Boost?

Fighting Statin-Induced Diabetes with CoQ10

Eight servings of veggies a day is clearly best for the heart

The Many Wonders of Calming Sandalwood Oil

Curcumin — A Novel Treatment Alternative for Depression

 
Print Page
Email Article

California Likely to Delay $188M in Feb SSI Payments to Blind & Disabled Owing to Expected Cash Shortages

  [ 2 votes ]   [ Discuss This Article ]
www.ProHealth.com • January 21, 2009


Absent a budget solution, in February California’s cash flow shortage will force the state to begin delaying $188 million in its share of monthly SSI/SSP payments to the Aged, Blind, and Disabled, reports State Controller John Chiang. Many other critical payments, as well as state tax refunds, would be delayed as well. (See “Feb 2009 Estimated Payments to Be Delayed”) For updates on possible changes in the situation, visit the California State Controller's Website California State Controller's Website.

_____________________________

Chiang Announces Payment Delays to Manage Cash Crisis

SACRAMENTO Jan 16 – State Controller John Chiang today announced cash shortages expected in February will force him to delay some critical payments next month in order to preserve cash flow and protect payments the State must make to fund education and repay outstanding debts.

“For months, I have warned State leaders that our cash flow will be in serious danger this Spring. Without corrective action from the Governor and Legislature, there is no way to make it through February unscathed,” said Chiang.

Eroding revenues and a chronic structural budget deficit have destroyed the State’s cash reserves. With no money in the State’s General Fund for the past 17 months, the State has been paying its bills by borrowing internally from special funds and from Wall Street. The Controller estimates those funds will soon be exhausted, and the State will be at least $346 million short in February.

To preserve cash for education, debt service and other payments that are deemed by the State Constitution, federal law or court rulings as having first claim to available General Fund cash, the Controller will begin delaying, for 30 days, payments to all other programs that are funded out of the State’s depleted General Fund.

Those payments that will be delayed include thousands of claims by businesses for services and products they provide to the State; assistance to more than 1 million aged, blind and disabled Californians to pay their rent, utilities, or put food on their tables; disbursements to State agencies that use the payments to fund critical public services, ranging from public safety to health and welfare; and tax refunds for individuals and businesses that overpaid their 2008 taxes.

“I take this action with great reluctance. I know it will put many California families who rightfully expect their State tax refunds in a desperate position. Individuals who already are vulnerable will be hit hard. Small businesses that don’t get paid may have to lay off more workers. Rather than helping stimulate the economy, withholding money from Californians will prolong our pain and delay our economic recovery,” Chiang said.

“Delaying these payments will get us through the next few months, but it will not solve the problem. Only the Governor and the Legislature have the power to avoid this drastic and painful path. They have a narrow window of opportunity to quickly enact a sound solution to bridge the State’s cash and budget deficit, and I urge them to seize it.”

If no corrective action is taken by the Governor and Legislature, the Controller may have to extend delays in payments, or issue IOUs.

* * * *



Post a Comment

Featured Products From the ProHealth Store
Ultra ATP+, Double Strength Mitochondria Ignite™ with NT Factor® Ultra EPA  - Fish Oil

Looking for Vitamins, Herbs and Supplements?
Search the ProHealth Store for Hundreds of Natural Health Products


Article Comments



Be the first to comment on this article!

Post a Comment


 
NAD+ Ignite with Niagen

Featured Products

Vitamin D3 Extreme™ Vitamin D3 Extreme™
50,000 IU Vitamin D3 - Prescription Strength
Ultra EPA  - Fish Oil Ultra EPA - Fish Oil
Ultra concentrated source of essential fish oils
Optimized Curcumin Longvida® Optimized Curcumin Longvida®
Supports Cognition, Memory & Overall Health
FibroSleep™ FibroSleep™
The All-in-One Natural Sleep Aid
Ultra ATP+, Double Strength Ultra ATP+, Double Strength
Get energized with malic acid & magnesium

Natural Remedies

When a Good Night's Sleep Is Just a Daydream... When a Good Night's Sleep Is Just a Daydream...
Eating Fat is Good... Maybe... Could Be... Sometimes Eating Fat is Good... Maybe... Could Be... Sometimes
More Weight Loss than Any Other Discovery in Supplement History More Weight Loss than Any Other Discovery in Supplement History
Sleep Like a Baby in Nature's Cradle Sleep Like a Baby in Nature's Cradle
Top 3 Nutrients to Detox the Liver and Soothe Digestion Top 3 Nutrients to Detox the Liver and Soothe Digestion

CONTACT US
ProHealth, Inc.
555 Maple Ave
Carpinteria, CA 93013
(800) 366-6056  |  Email

· Become a Wholesaler
· Vendor Inquiries
· Affiliate Program
SHOP WITH CONFIDENCE
Credit Card Processing
SUBSCRIBE TO OUR NEWSLETTERS
Get the latest news about Fibromyalgia, M.E/Chronic Fatigue Syndrome, Lyme Disease and Natural Wellness

CONNECT WITH US ProHealth on Facebook  ProHealth on Twitter  ProHealth on Pinterest  ProHealth on Google Plus

© 2017 ProHealth, Inc. All rights reserved. Pain Tracker App  |  Store  |  Customer Service  |  Guarantee  |  Privacy  |  Contact Us  |  Library  |  RSS  |  Site Map