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State finance director paints rosier picture of California deficit
Sac Bee ^
| 9/9/03
| Tom Harrigan - AP
Posted on 09/09/2003 7:53:34 PM PDT by NormsRevenge
Edited on 04/12/2004 5:57:08 PM PDT by Jim Robinson.
[history]
LOS ANGELES (AP) - California's finance director told a budget study committee Tuesday that California took in more revenue than it spent in July and August, and said there is a public "misconception" that a $38.2 billion deficit still exists.
(Excerpt) Read more at sacbee.com ...
TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; Politics/Elections; US: California
KEYWORDS: calgov2002; californiadeficit; financedirector; killertomatoes; recall; rosierpicture; stevepeace
To: *calgov2002
.
2
posted on
09/09/2003 7:55:42 PM PDT
by
NormsRevenge
(Semper Fi)
Peace said
the revenue shortfall would have a hangover of an estimated $7.9 billion for the fiscal year beginning July 1, 2004. But if economic conditions improve the leftover deficit could be as low as $3.9 billion, Peace said, not involving
the reserve of $2.2 billion established in the 2003-2004 budget.
How long will it take the demRats to spend that "4 billion" dollar gain?
3
posted on
09/09/2003 7:58:10 PM PDT
by
NormsRevenge
(Semper Fi)
To: NormsRevenge
If Steve Peace stood in my living room and declared the correct day of the week and correct direction of sunrise and sunset, I would NOT believe him. He is a congenital liar. I think the currect deficit is way over the $38 billion Davis copped to AFTER he was elected. Every single "designated" fund of money within the state of Cal has been raided by Davis. He tried to get into the CalPers retirement fund, and got thwarted. In any business I know, this would be borderline embezzlement.
4
posted on
09/09/2003 8:26:15 PM PDT
by
ridesthemiles
(ridesthemiles)
To: NormsRevenge
Ex-senator Steve Peace is the guy that said Dem style electric deregulation would bring electric prices down. down, down...
5
posted on
09/09/2003 8:52:25 PM PDT
by
tubebender
(FReeRepublic...How bad have you got it...)
To: NormsRevenge
BWAHAHAHAHAHAHAHAHA!!!
I'm sure his motto is: "The more you spend, the more you save!"
Why can't we just shoot these assholes? Oh yes. That wouldn't be civilized.
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