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.
Who the hell audits the state? If private industry kept their books this way,,the state tax people would be all over them with liens and levies. Why do we accept that state and local govts can’t produce an accurate balance sheet or source and application of funds or and accurate operating statement?