California’s massive budget problems are finally culminating in IOU’s being issued to vendors and providers to the State, including building owners leasing space to various state government departments. With a $24 billion budget deficit and no solution in sight, the Governator and State Assembly must start issuing registered warrants (IOUs) to vendors due to a [...]
Posts Tagged ‘budget deficit’
California Building Owners Face IOUs
Posted in commercial real estate, downsizing, Forecast, headquarters, lease, new office, office brokerage, office space, square feet, sublease, Vacancies, tagged budget deficit, california budget, foreclosure, GSA, iou, office leases, square feet, state assembly, state registered warrants on July 1, 2009 | 1 Comment »