Thanks for voting for those road improvements, you dummies.
Now how can I get the dummies to tax the sand.
Posted on 11/20/2019 3:09:00 PM PST by Mariner
California’s long economic expansion is projected to continue into next year, giving Gov. Gavin Newsom and lawmakers another surplus as they map out a new state budget.
Legislative Analyst Gabriel Petek released a report Wednesday projecting the state will bring in a $7 billion surplus in the 2020-21 budget year.
That’s far less than the $21.5 billion surplus California is collecting this year, but it still reflects a positive outlook for the state’s economy.
“The budget picture is strong and favorable. Full stop,” Petek told reporters Wednesday.
As much $3 billion could be available for ongoing expenses, while the rest could dry up in an economic downturn, according to the report. But the analyst’s office recommends the Legislature allocate no more than $1 billion of the surplus to ongoing expenses to avoid having to make cuts to programs during a recession.
(Excerpt) Read more at sacbee.com ...
Pretty easy to run a surplus when you over tax everything and ignore your infrastructure.
I have an idea. Put in towards your massive 1.3 trillion dollar DEBT.
Where will the money go? Where much of it always goes, back to the politicians pockets!
Live in the state. this is all guess on my part.
Gov’t surplus is immoral, vis Patrick Buchanan.
Please explain how Kommiefornia has a 7 billion dollar surplus???? Are they using common core mathmatetics??????
Unless there is a state constitutional amendment similar to Colorado’s Tax Payer Bill Of Rights ... refunds will never happen. Heck, here in Colorado the Dems hate TABOR so much that every election cycle they attempt to get the voters to allow the state to keep the excess taxes.
This sounds very fishy....very creative bookkeeping.
There is absolutely no way they have a surplus in the definition that we think. That third world state has multi-billions in unfunded liabilities. At any rate,that money will be stolen.
Thanks for voting for those road improvements, you dummies.
Now how can I get the dummies to tax the sand.
OH I don’t know...maybe shoveling $hit in LA, San Fran? Or how about clearing dead wood from dry forests? Or best, let some of the working slaves keep more of the fruits of their own labor.
We estimate that California’s total state and local government debt as of June 30, 2017 totaled just over $1.5 trillion. That total includes all outstanding bonds, loans, and other long-term liabilities, along with the officially reported unfunded liability for other post-employment benefits (primarily retiree healthcare), as well as unfunded pension liabilities.
“We estimate that California’s total state and local government debt as of June 30, 2017 totaled just over $1.5 trillion. “
The entity known as The State of California has $150 billion in outstanding debt.
The municipal entities and special districts in CA have $1.35 trillion in debt.
Woe unto those bondholders and their insurers. Like the federal debt, it will never be paid.
Whereas the State could pay its entire debt in 10 years without breaking a sweat.
The deteriorating situation in California is going to be a major topic of the 2020 elections. Democrats must have a counter narrative that their policies are generating an economic boom
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