Don’t these people have to sign legal documents when handling these dollars and figures?
The demo”Rats”run this state.
Oh boy! With all that new-found cash, they’ll be able to initiate a whole new spectrum of social programs. Aren’t “windfall” discoveries great?
These special fund reserves are nothing compared to the special district reserves. Special districts have taxing authority with assessments placed on property tax bills.
It is many billions of dollars across the state sitting in the bank accounts of these special districts. As city’s try to replace sources of funding, they are increasingly going to these special districts to seek funding.
No worry, as the state financial well runs dry all sources of revenue the State can get its hand on will be sucked up. Sacramento is on a hunt for money. It has taken all it can from cities and counties and is now shifting its focus.
What kind of Business Intelligence system are they using?
It’s time to repay Calpers for all the money they stole from the pension fund!
Am I missing something? It appears to me that there is a discrepancy in what two different state agencies think are in the funds and what is actually in the funds. Looks to me like a huge negative. IOW there is less to be had than some might think. Which would fit the CA scenario perfectly. So much for raising taxes. Just never met a dem who didn’t think that was the end all be all of government. Perfect timing as well. Big recession bordering on depression, and very high unemployment lets just raise taxes. Insane thinking if you can call it thinking.
In other words, screw you tax payers...
This state government is corrupt to the core.
That's written as if DeSaulnier finds it unacceptable that people heard about this so he can't raise taxes! I'm sure that's not at all what he meant. /s
Shazzam!!!