The last time RAWs were issued was eight years ago, when a similar squeeze led to $4 billion in RAWs that were repaid over two years.The controller then was Davis and, with his eyes already fixed on running for lieutenant governor and then governor, Davis made the most of his rare opportunity to participate directly in budget politics. He castigated then-Gov. Pete Wilson, who was seeking re-election at the time, for relying on phantom revenues and insisted on special spending-reduction "triggers" to assure repayment of the RAWs.
"We've had to jump through hoops to make the governor's budget work," Davis said as he sold the RAWs in July 1994. "He seems to think he can balance a budget on wishful thinking rather than reality."
Why is the press silent on this? Where is Simon?
Been busy and then had a family emergency that now seems resolved.
So just getting back!
I didn't see any press release where I usually look, Rough & Tumble primarily and then many california freepers will send notes giving leads.
So I would say there are a lot of us watching stuff out here in the general publications so I would suspect some highly specialized publications - bond newsletters, etc, contained the news releases.