TruthOut10
Active Member
- Dec 3, 2012
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California Faces a New Quandary, Too Much Money
LOS ANGELES — After years of grueling battles over state budget deficits and spending cuts, California has a new challenge on its hand: too much money. An unexpected surplus is fueling an argument over how the state should respond to its turn of good fortune.
The amount is a matter of debate, but by any measure significant: between $1.2 billion, projected by Gov. Jerry Brown, and $4.4 billion, the estimate of the LegislatureÂ’s independent financial analyst. The surplus comes barely three years after the state was facing a deficit of close to $60 billion.
At first glance, the situation should be welcome news in a state overwhelmingly controlled by Democrats, who have spent much of their time slashing programs they support. After last NovemberÂ’s elections, the party has two-thirds majorities in the Assembly and the Senate, relegating Republicans almost completely to the sidelines.
http://www.nytimes.com/2013/05/26/u...?nl=todaysheadlines&emc=edit_th_20130526&_r=0
Very interesting indeed, I would hope that they would try to restore some programs that have affected the most vulnerable in that State.
LOS ANGELES — After years of grueling battles over state budget deficits and spending cuts, California has a new challenge on its hand: too much money. An unexpected surplus is fueling an argument over how the state should respond to its turn of good fortune.
The amount is a matter of debate, but by any measure significant: between $1.2 billion, projected by Gov. Jerry Brown, and $4.4 billion, the estimate of the LegislatureÂ’s independent financial analyst. The surplus comes barely three years after the state was facing a deficit of close to $60 billion.
At first glance, the situation should be welcome news in a state overwhelmingly controlled by Democrats, who have spent much of their time slashing programs they support. After last NovemberÂ’s elections, the party has two-thirds majorities in the Assembly and the Senate, relegating Republicans almost completely to the sidelines.
http://www.nytimes.com/2013/05/26/u...?nl=todaysheadlines&emc=edit_th_20130526&_r=0
Very interesting indeed, I would hope that they would try to restore some programs that have affected the most vulnerable in that State.