◼ California Gov. Jerry Brown signed a bill Friday allowing the state government to borrow from internal funds to build up its cash, which the controller earlier this week said was quickly dwindling. - Reuters/SF Examiner
The legislation allows the state to tap up to $865 million, part of a plan crafted by Controller John Chiang, Treasurer Bill Lockyer and the finance department to address the cash shortage.
Meanwhile, in Wisconsin: State and local savings from the Governor's reforms now top $900 million, and counting.