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News Now

CU System
Calif. regulators appointment caught in budget impasse
SACRAMENTO, Calif. (8/26/08)--The California state budget impasse is delaying the appointment of a new deputy credit union commissioner, but the California Credit Union League is hopeful that the budget will be passed by the end of this week. “The vacancy is being held up because of a government hiring freeze,” Keri Bailey, league director of state government affairs, told News Now. “We’re in suspended animation.” The league is keeping in close contact with the state officials and is confident they can appoint a new deputy commissioner as soon as the budget passes, she said. The budget could be passed by Sunday. If the state legislature adjourns without agreeing on the budget, it will have to hold a special session in September. “We hope that this week something will pop,” Bailey said. Three weeks ago, California State Gov. Arnold Schwarzenegger approved a hiring freeze, terminated part-time and temporary state employees, and reduced state employees’ salaries to minimum wage until the budget is passed.


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