While the piggy bank is not overflowing, it's heavy.
The unions who run California have an affinity for the rainy day fund as it evens employment in a downturn.
Into demonrat wallets.
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!
Gov’t surplus is immoral, vis Patrick Buchanan.
Please explain how Kommiefornia has a 7 billion dollar surplus???? Are they using common core mathmatetics??????
This sounds very fishy....very creative bookkeeping.
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 Californias 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.