Government organizations are working hard to do more with less, consolidating data centers and striving to deliver more services online to help lower operating costs and comply with federal regulatory mandates.
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CA: California 'Budget Kabuki' increases Schwarzenegger debt costs
Business Week: (Bloomberg) -- Californias borrowing costs are rising, even as Governor Arnold Schwarzenegger says hes not ready to call lawmakers into special session to eliminate a $19.1 billion deficit before the state runs out of cash.
The extra yield investors demand on 10-year California bonds rose to 124 basis points above AAA rated municipal securities yesterday, up 14 percent in a week, Bloomberg Fair Value Index data show. The increase comes as the state will need to borrow as much as $10 billion in short-term notes within four weeks of any budget agreement and more than $6 billion in longer-dated bonds by December for public-works projects.
