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With the state budget deadline now upon us, legislative staffers are once again left in the lurch. When the budget is late, legislative staff does not get paid. In years past, most banks have offered interest-free loans to the workers, which allow staff to conduct business as usual. but this year, both Bank of America and Wells Fargo refused to make the loans available, according to memos from the Assembly Rules Committee sent to staff over the last few days. “Unfortunately we have not received a commitment from Wells Fargo to provide employees with payroll assistance,” stated one June 22 memo. “In light of this and in our continued effort to assist you, the Senate Rules Committee has contacted the following financial institutions who have agreed to provide payroll assistance.” A number of credit unions, including Golden One, are making the loans available. US Bank has also agreed to the short-term borrowing. A bigger fight is brewing between the Schwarzenegger administration and Controller John Chiang over whether or not other state workers should have their pay reduced to minimum wage during the budget stand-off. Deuling letters and/or press conferences to follow…


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