California’s Budget Crisis
- Share via
A small but important point in regard to your Democratic National Convention story (July 17), in which you suggest that Treasurer Kathleen Brown remained in New York in the absence of progress on state budget negotiations.
For the record, the treasurer was back on the job in Sacramento by noon on Wednesday after meeting Tuesday with New York rating agencies. Her plan all along had been to return to California by midweek to brief the governor and legislators on her meetings.
Sadly, events required that she also announce a sharp downgrade in the state’s credit rating due to the continuing budget impasse. Treasurer Brown has since called on Gov. Wilson to immediately reconvene meetings with the legislative leadership as a first step in restoring Wall Street confidence in California.
MICHAEL REESE
Director of Communications
Treasurer’s Office
Sacramento
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
