TruthOut10
Active Member
- Dec 3, 2012
- 627
- 100
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 Legislatures 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 Novembers 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 Legislatures 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 Novembers 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.
