Judges and Judiciary
May 20, 2014
Courts nearing drop-dead date to spend down reserves
Courts look set to have no more than 1 percent of their budgets in reserve by July, with many using savings for project purchases or end-of-year expenditures. But courts still worry the reserve cap will hurt their financial planning.
Daily Journal Staff Writer
SACRAMENTO - California courts are close to meeting a requirement to have spent down millions of dollars of savings by July 1. But many will be keeping more than that in the bank by earmarking money for long-term projects.
All 58 California trial courts are expected to spend their reserves down to the equivalent of 1 percent of their operating budgets by July 1, as required by legislation passed with th...
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