Posted on 05/24/2002 4:57:00 AM PDT by snopercod
Edited on 04/13/2004 3:29:22 AM PDT by Jim Robinson. [history]
SACRAMENTO - Even if lawmakers approve Gov. Gray Davis' plan to fill a $23.6 billion budget shortfall, California still could be strapped with an $8 billion deficit a year from now, according to the Legislative Analyst's Office.
Legislative Analyst Elizabeth Hill sent a memo Wednesday to Senate Republican leader Jim Brulte of Rancho Cucamonga in response to GOP questions about Davis' plan to use cuts, tax increases and borrowing to address the shortfall.
(Excerpt) Read more at bayarea.com ...
The imminent bankrupcy of California at the end of June.
Let's see some other proposals on the table.
I often see talk that the Republicans are irrelevent in California; here's proof that this isn't so. Someone has to put Davis' feet to the fire, and they're doing it.
D
CALIFORNIA CONSTITUTION ARTICLE 4 LEGISLATIVE SEC. 12. (a) Within the first 10 days of each calendar year, the Governor shall submit to the Legislature, with an explanatory message, a budget for the ensuing fiscal year containing itemized statements for recommended state expenditures and estimated state revenues. If recommended expenditures exceed estimated revenues, the Governor shall recommend the sources from which the additional revenues should be provided. (b) The Governor and the Governor-elect may require a state agency, officer or employee to furnish whatever information is deemed necessary to prepare the budget. (c) The budget shall be accompanied by a budget bill itemizing recommended expenditures. The bill shall be introduced immediately in each house by the persons chairing the committees that consider appropriations. The Legislature shall pass the budget bill by midnight on June 15 of each year. Until the budget bill has been enacted, the Legislature shall not send to the Governor for consideration any bill appropriating funds for expenditure during the fiscal year for which the budget bill is to be enacted, except emergency bills recommended by the Governor or appropriations for the salaries and expenses of the Legislature. (d) No bill except the budget bill may contain more than one item of appropriation, and that for one certain, expressed purpose. Appropriations from the General Fund of the State, except appropriations for the public schools, are void unless passed in each house by rollcall vote entered in the journal, two thirds of the membership concurring. (e) The Legislature may control the submission, approval, and enforcement of budgets and the filing of claims for all state agencies.
The deficit in California is greater than the defecits in the other 49 states combined.
This should be news, but the media are deliberately ignoring it, IMHO.
Then it certainly must be Bush's fault!! Just kidding!
I am gonna keep doing the index thing. I have faith that John and Jim will take care of us!
Operating Systems and Computer Applications are notorious(infamous?) for taking much effort to build. But young John has a great track record!
calgov2002:
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-- I may have some details wrong. --
Last year, Davis fired the entire board, and then installed his own chosen yes-men who were all obscure or barely-known dentists. The board last month, on its first meeting, lent the group's entire reserve fund to California. The group is funded by (mandatory?) contributions from every dentist and hygienist in the state (or in its membership?), and either has influence over licensing or is in charge of licensing.-- I'll get the details off his archive next week. --
Dump Davis!
I'm going to enjoy it thoroughly.
Somehow, I see Davis' vaunted "Enron refund" making its way into California's books as an "Account Receivable".
If Arthur Andersen is the state's auditor...???
OF COURSE he wants to define the problem as a revenue shortfall. What galls me about the reporting I've seen on this, is that NOBODY is talking about the spending (except in generalities): an incredible 36% over three years! Dufus is a rank amatuer as Governer, and is ruining (has ruined?) this State's economy.
Lazy "journalists" are simply printing the stories that are given them by the administration. They don't bother to 1) Challenge the information, or 2) Look for other angles. They get away with ignoring the fact that Dufus increased spending so much. According to Senator Mcklintock (sp?), if over this same period spending had increased only by the combination of inflation and population growth, even given Dufus' expert handling of the energy crisis, we would be sitting on a $15-20B SURPLUS this year.
And when is the media going to start covering the fact that, since Enron only supplied 3% of California's energy during the "crisis", it was actually PUBLIC utilities, such as LA Power, etc. that actually "overcharged" the State of California.
Gotta go. Oh, BTW, looks like Dufus has learned from "the master", releasing the bad news on the Friday preceding a holiday weekend.
Simon and the 'Pubs have to beat this puke like a drum...
ROFLMBO! I loved your comment!
I'll bet a lot of dentists are gritting their teeth!
I spoke to a good friend in the Ohio Engergy Department and he said the entire budget of Ohio is about $45 Billion, not 8 as I previously stated. Still, $23B is a HUGE deficit for CA, about half of Ohio's yearly budget (we have a constitutionally protected balanced budget and the pols have run through alot of the tobacco money, so there's cutback in state agency hiring and finances). Ohio still has a "rainy day fund" of about $600MM, but that could be spent pretty darn quickly.
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