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California: Official tells of budget deficits (5 more years with current plan )
The Fresno Bee ^ | July, 11, 2002, 1:47 PM) | Lesli A. Maxwell -- Bee Capitol Bureau

Posted on 07/12/2002 12:22:13 AM PDT by Ernest_at_the_Beach

Edited on 04/12/2004 2:10:06 PM PDT by Jim Robinson. [history]

SACRAMENTO -- More grim news on the overdue budget reached lawmakers Wednesday as the Legislature's fiscal adviser revealed that the spending plan pending in the Assembly could saddle the state with five more years of multibillion-dollar deficits.

Legislative Analyst Elizabeth Hill estimates that if the Assembly adopts and Gov. Davis signs the $99 billion budget approved last month by the Senate, the deficit total over the next five years could reach $51.6 billion.


(Excerpt) Read more at fresnobee.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: budget; budgetcrisis; calgov2002; california; davis

1 posted on 07/12/2002 12:22:13 AM PDT by Ernest_at_the_Beach
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To: *calgov2002; Carry_Okie; SierraWasp; Gophack; eureka!; ElkGroveDan; Libertarianize the GOP; ...
calgov2002:

calgov2002: for old calgov2002 articles. 

calgov2002: for new calgov2002 articles. 

Other Bump Lists at: Free Republic Bump List Register



2 posted on 07/12/2002 12:23:47 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
The Rats are shamelessly using local officials in phony news media stunts to pressure Republican Assembly members like Mike Briggs to vote for GrayDown's phony pork-laden and tax-heavy budget. As the State Legislative Analyst just confirmed, passing this state budget in the absence of ANY real reforms would doom California to several years of budget deficits. We all know what that means --- more Enron style accounting gimmicks and tax increases down the road. Tell Assembly Republicans to stick GrayDown's non-budget where it doesn't shine and please take the time to send them some flowers to appreciate their hanging together in there for YOU at:

http://www.flowersforourfriends.com

Its only $10. Think of the money you save keeping the Rats from squeezing your hard earned wallets over the next 5 years. Let's celebrate heroes who put the taxpayers of California first.

3 posted on 07/12/2002 1:21:57 AM PDT by goldstategop
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To: Ernest_at_the_Beach
BUMP...
4 posted on 07/12/2002 6:16:04 AM PDT by tubebender
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To: Ernest_at_the_Beach
................time for grayboy to eat his strawberries bump........
5 posted on 07/12/2002 8:50:54 AM PDT by Liz
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To: Ernest_at_the_Beach; Grampa Dave; Liz
"Cooking the books"-- Kalifornia 'Grayout' style--

When the California governor says the 'budget is balanced', it becomes IMPERATIVE that we have a clear definition of IS!!!

Compared to the governmental accounting units--Arthur Andersen IS a saint, IMHO.(Arthur Andersen's figures might be wrong, the government's ALWAYS are.)

6 posted on 07/12/2002 9:44:01 AM PDT by d14truth
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To: d14truth
When the California governor says the 'budget is balanced', it becomes IMPERATIVE that we have a clear definition of IS!!!

Next thing you know, ol' grayout'll be saying, " I never had sex with that budget, not once, not ever."

7 posted on 07/12/2002 10:52:04 AM PDT by Liz
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To: Ernest_at_the_Beach
More grim news on the overdue budget reached lawmakers Wednesday as the Legislature's fiscal adviser revealed that the spending plan pending in the Assembly could saddle the state with five more years of multibillion-dollar deficits.

Oh really? Well, using that logic, it will probably go a lot longer than five years, provided our kinder and gentler electorate keeps on sending liberals to Sacramento to protect us all from the vast right wing conspiracy and spend the state into oblivion.

8 posted on 07/12/2002 4:29:13 PM PDT by Euro-American Scum
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To: Ernest_at_the_Beach
Can any Kalifornia budget ever be balanced - so long as Kalifornia chooses by making its welfare state so generous to be the one state half of all aliens in the U.S. (and most illegals) choose to live in?

With Kalifornia's choice to let aliens have welfare denied them by welfare reform comes hordes of schoolchildren it must not only educate - but build ever-more schools for. A couple years ago, an advocate for welfare for aliens went on Nightline - and admitted Kalifornia would have to build a new school daily just to stay in place.

Get the sticker!

9 posted on 07/12/2002 5:12:34 PM PDT by glc1173@aol.com
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