Page 9 - Estate Account News Today : Breaking News, Live Updates & Top Stories | Vimarsana

we followed this year after year. the thing that gets people upset is they get an iou on their tax returns. is that happening? reporter: apparently whoever did the math forgot to carry the 1. governor jerry brown and the state lawmakers thought they had enough money to last through the end of june. turns out california came up short, $2.6 billion short. so now california has to borrow another $860 million from a state account then delay payments to the university system as well as medi-cal, the understand for the poor. then the state controller says he doesn t believe right now at this point that the state will have to issue ious for tax refunds like they have done in the past. when you owe them money you pay payments and interest. when they owe you money you get what you get. the hope is california can pay all of this money back when they

Tax returnsJerry brownGolden state6 billion2 6 billionState controllerUniversity systemEstate accountMedi cal60 millionH860 millionTax refunds