[Ernest_at_the_Beach]

No one needs reminding about the electricity crisis, and the overpriced long-term contracts that a panicked Davis signed and is now desperately trying to renegotiate. A free-spending Davis helped turn a $13 billion surplus into a $22 billion projected deficit in about two years.

here is that 22 billion dollar figure again.

Someone know where it came from?

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[socal_parrot]

and the overpriced long-term contracts that a panicked Davis signed and is now desperately trying to renegotiate.

Even Davis is trying to save us from himself.

[Gophack]

The $22 billion came from a projected $17 billion and "possible" $22 billion based on poor April tax returns (more refunds, less payments). Everyone has pretty much agreed that it will be "at least" $20 billion and "as high as" $22 billion. We'll just have to wait and see!

[ElkGroveDan]

here is that 22 billion dollar figure again. Someone know where it came from?

The Legislative Analyst

[monkeyshine]

$22 Billion? That's larger than the Federal deficit this year, isn't it?

[Ernest_at_the_Beach]

For those interested in what the legislature is hearing from "Legislative Analyst's Office":

Reorganizing California's Energy-Related Activities

This was dated 2/20/2002 I believe.

[d14truth]

Here is a reference to the $17 billion deficit in March(before the April tax shortfall calculated additional $4.5 billion).

This from the California Faculty Association(CFA) Assembly--

Of what use the governor???(Their words, my title)

"3. While Gray Davis was still the Lieutenant Governor, I attended his luncheon address to the CFA Assembly. During his presentation, he made it very clear that he supported merit increases. In spite of this position, the CFA endorsed him for Governor and made contributions to his campaign! Some CFA and CTA leaders supported Gray Davis in the primary election for Governor so early in his campaign that Gray Davis was fourth in the public opinion polls behind 3 other Democrats. Today, can you name any other Democratic or Republican opponent who would have made electricity blunders costing the State of California billions of dollars? Today, can you name any other Democratic or Republican opponent who would have permitted the CSU faculty to work without a new contract since July 2001? Today, can you name any other Democratic or Republican opponent who would replace full-time faculty with a majority of temporary faculty? Amazingly, some of the current CFA statewide leaders have endorsed the re-election of Governor Gray Davis. The latest estimate of the budget deficit is $17 billion. How large must this deficit become until you admit that Governor Gray Davis has been a disaster for the State of California and for the CFA?"

Potential Simon supporters???

[d14truth]

Alameda Times Star, April 24, 2002-School Shortfall $830 million.

Davis says worst-case scenario just got worse
By Alexa Haussler

"SACRAMENTO -- Already strapped with a ballooning deficit, California will be required to pay $830 million more than expected for schools next fiscal year, Legislative Analyst Elizabeth Hill said Tuesday. The news comes a day after Hill warned the state's budget hole could swell to more than $20 billion -- or one-fifth of the state budget -- this year and next because revenues in April have dipped billions below forecasts."

[Robert357]

What a minute!!!!! Just yesterday it was $20 billion, where did $22 billion come from? Is somebody just pulling numbers out of the air? If so, Wall Street and the bond rating agencies are not going to be happy! Davis and the State are undertaking a very dangerous and serious game and playing it badly.

[Angelique]

What voters do not ever understand is that robbers like Davis can be recalled. We know about impeachment, where are the heck are our legislators? Clicking their fangs as they chomp on your tax dollars?