Many operators are already in financial debt, and for some this could push the situation for many over the edge, with some with maxed out credit and no loans available. An eight week delay for payment is anticipated and some have had to tell vendors and suppliers that they will not be able to pay them until the money comes in, and this can affect payroll too, called cash flow, or the lack of. BD
Some Inland homes for developmentally disabled residents could be at risk of closing this summer the longer the state goes without a budget. On Tuesday, California started its 2008-09 fiscal year without a budget. The state will rely on a $2 billion emergency fund to pay an estimated 4,700 Medi-Cal providers until lawmakers pass a budget or by July 17, when the fund is expected to be depleted.
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