Governor’s revised budget
http://www.ebudget.ca.gov/
Something’s wrong here. When Arnold S. took over, we voters approved a $15 billion one time only bond, which covered the accum. deficit at that time, which was early 2004, I believe? And they said at the time it was going to sweep away the old debt and never be done again. Now, he wants to promote a similar big bond issue to balance the budget? And if the lottery proceeds which are to support the bonds are less than expected, who pays that difference?