No Budget, IOUs, Home for the Holiday Weekend

From the Orange County Register’s Jennifer Muir and Brian Joseph:

Assemblyman Jose Solorio

Assemblyman Jose Solorio

SACRAMENTO – Lawmakers headed home Thursday without a budget deal, as the state controller’s office began printing tens of thousands of IOUs, leaving vendors, municipal governments and students who receive financial aid bracing for the worst.

 Action on the budget appears to be stalled until Monday, as Orange County State Sen. Lou Correa, D-Santa Ana, along with many of his colleagues left the capitol Thursday. Senate Leader Darrell Steinberg, D-Sacramento, told reporters Thursday morning that most senators are headed back to their districts for the July 4th weekend. However, Steinberg and his top lieutenants will remain in Sacramento to continue negotiations.

On the Assembly side, Orange County Assemblyman Jose Solorio, D-Santa Ana, is one of the few who will be sticking around Sacramento to help on budget talks. Gov. Arnold Schwarzenegger’s office said the governor will be in Sacramento if his presence is needed.

Meanwhile, more than 28,700 IOUs worth $53.3 million were sent out mostly to residents still awaiting their income-tax returns.

Read the rest of Lawmakers depart for holiday with no budget.