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California Gov. Gavin Newsom (D) is proposing to dip into the state’s “rainy day” fund to help fill the hole that is the state’s $38 billion deficit — a stunning shortfall, given a surplus of nearly $100 billion that the Golden State had enjoyed just a year before. As Breitbart News has noted, California received shocking news at the end of 2022 when a $98 billion surplus, partly fueled by President Joe Biden’s “rescue” plan, collapsed into a $25 billion deficit. Later projections predicted an even larger deficit.

Welcome to The Hobbit Hole! First thread: New Zealander builds Hobbit holeSecond thread: The New Hobbit HoleThird thread: The Hobbit Hole III - Journey to the Cross-roads! (Congratulations, we filled it up!) Fourth Thread: The Hobbit Hole IV - The Road Goes Ever On...Fifth Thread: The Hobbit Hole V - Where Many Paths and Errands Meet...Sixth Thread: The Hobbit Hole VI - And Whither Then? I Cannot Say...Seventh Thread: The Hobbit Hole VII - But not yet weary are our feet... Eighth Thread: The Hobbit Hole VIII - Still round the corner we may meet... Ninth Thread: The Hobbit Hole...

With the May revision of Gov. Arnold Schwarzenegger's proposed budget for 2006-2007 due out in just days, he is facing a new issue: What to do with the surplus of tax revenues currently flowing into the state treasury? With history as his guide, he must focus some of that revenue on essential one-time projects that do not plunge California into ongoing commitments that could jeopardize California's current fiscal stability. The governor could hit another home run for Californians by allocating a portion of the state revenue increase to levee repair -- something we have all become too aware is a...

The LDS Church who believes strongly in self reliance. Spencer W. Kimball, one of the deceased presidents of this church said, "No true Latter-day Saint, while physically or emotionally able, will voluntarily shift the burden of his own or his family's well-being to someone else... Maintain a year's supply. The Lord has urged that his people save for the rainy days, prepare for the difficult times, and put away for emergencies, a year's supply or more of bare necessities so that when comes the flood, the earthquake, the famine, the hurricane, the storms of life, our families can be sustained ...

<p>Gov. Bob Holden assured about 500,000 Missouri taxpayers on Wednesday that they'll get their tax refunds by August - but added that the money will be sent sooner if the House agrees to use the state's "Rainy Day Fund."</p> <p>At a news conference, Holden and state Revenue Director Carol Fischer said the fund would allow the state to accelerate payments of about $230 million in tax refunds delayed by the state's budget troubles. The number of affected taxpayers - and the total amount of refunds - was higher than last week's estimate.</p>