Finance Director Michael Genest got back to me and said he misspoke when he said the operating deficit would be $5.5 billion in 2007-08. He now says it would be bigger. And he's provided the chart that shows the projection for the annual operating deficits for several years going forward. The numbers:2005-06 $2.6 billion
2006-07 $6.4 billion
2007-08 $6.6 billion
2008-09 $9.7 billion
2009-10 $8.6 billion
And this in good economic times. Wow.
Thanks for the info. As I said, I know next to nothing about the CA budget issue, I was only basing my comments on the article.
For all you "pragmatists" that read this reply... We're not turning to the Dems because we're critical of the Repubs... We're simply demanding the Repubs act like the winners they're supposed to act like especially after they've won. We're also demanding they make their actions follow all their bold rhetoric!!! (in fact we're not turning to the Dems at all!)