Posted on 04/07/2011 7:12:54 AM PDT by freedombiz
Gov. Jerry Brown and state lawmakers last month passed what might have been the biggest package of spending cuts in state history, more than $11 billion in reductions to almost every part of the government. But when the next fiscal year ends less than 15 months from now, many of those cuts will have failed to deliver their promised savings.
As a result, even if Brown gets the entire combination of spending cuts and tax increases he is seeking from the Legislature and the voters, a new shortfall will likely emerge unless the economy outperforms projections and the state collects higher tax revenues than expected.
(Excerpt) Read more at ocregister.com ...
It takes a while if you are as screwed up as Wi.
Jerry’s been leaving cookies out at night for the Money Fairies so that they’ll bring him a few billion dollars.
Money Fairies you may be more right than you think all thes week Brown has had meetings with SEIU and other unions and the media is on a very low key on that.
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