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Keyword: budgetrule

CA: Two-thirds budget rule is recipe for pork (Prop 56)

01/04/2004 11:38:20 AM PST · by NormsRevenge · 14 replies · 1,030+ views
Sac Bee ^ | 1/4/04 | Mark Paul

<p>California's finances are a wreck. The state's credit rating is in the toilet. The budget approved last summer by the Legislature is probably the most irresponsible in the state's history, using $17.2 billion worth of fund shifts and borrowing to cover lawmakers' failure to balance income and outgo.</p>

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