cbs13.com - Lawmakers Could Receive IOUs In Budget Crisis: "SACRAMENTO (CBS13) State controller John Chiang sent out warning letters to agencies warning that they could receive IOUs in place of paychecks in one month. Many state workers are safe, protected by a court ruling, but elected leaders and their staff may be about to get hit in the wallet.
'We are in a very difficult situation,' said spokeswoman Hallye Jordan from the Controller's Office. 'The state is running out of cash.'
In two weeks, Chiang will pull the trigger and start the process of issuing IOUs for 1,700 people -- legislators, judges and their appointed staff. The IOUs will go out after February 1st if the budget crisis isn't solved."
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At least the legislators are first in line to get paid in monopoly money.
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