Posted on 08/05/2004 8:19:50 AM PDT by NormsRevenge
byline - STATE'S GENERAL FUND TO GAIN LITTLE UNDER GOVERNOR'S PLAN
SACRAMENTO - Gov. Arnold Schwarzenegger is touting his government reform package as a first step toward creating a more cost-conscious state bureaucracy that could save as much as $32 billion over five years.
While that may sound like a lot of money, closer examination of the newly released recommendations shows that only about $11 billion of those five-year savings would come from the state's troubled general operating fund, which is now $79 billion a year and growing. That amounts to a small percent of the general fund -- hardly a panacea for California's continuing imbalance between revenues and spending.
The general fund savings would come from a variety of pots of state money, from health and human services to environmental protection.
One-fourth of the $32 billion in projected savings hinges on a windfall of federal funds that California has been trying to squeeze out of Washington for years.
(Excerpt) Read more at mercurynews.com ...
The rampant reckless spending practices of the last few years has gone untouched for the most part in this year's budget.
WE are seeing more 'smoke and mirrors' , imo.
So , wanna buy a bridge? Excellent bridge toll income potential here in the Bay Area.
We may see double digit bridge tolls before we see any true reform in this state that comes close to curtailing a socialist utopia and its henchmen when it comes to spending money.
It's not like that fact was exactly hidden... do they even read this stuff when they write these articles? Notice the footnote: "* Five-year General Fund savings and revenue total $10.8 billion."
| Section |
Fiscal Year 2004-2005
|
||
|---|---|---|---|
| General Fund | Other Funds | Five-Year Total—All Funds | |
|
General Government Health and Human Services Education, Training and Volunteerism Infrastructure Resource Conservation and Environmental Protection Public Safety Statewide Operations |
$270,250,000 $815,000 $133,876,000 $56,087,000 $2,204,250 $0 $218,132,000 |
$49,918,000 $1,139,000 $54,554,000 $24,388,000 $5,938,750 $1,200,000 $222,626,000 |
$12,437,970,000 $4,918,120,000 $4,123,748,000 $3,363,243,000 $349,631,000 $7,600,000 $6,405,768,000 |
| GRAND TOTAL | $681,364,250 | $359,763,750 | $31,606,080,000* |
|
Source: California Performance Review. * Five-year General Fund savings and revenue total $10.8 billion. |
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