3 ms·
California has a surplus now. What budget year are you talking about, where an actual surplus was evident when the budget year closed? Projections are just pr
by DrScump 8y ago
California has a surplus now.
What budget year are you talking about, where an actual surplus was evident when the budget year closed?
Projections are just projections and can be seriously wrong. A projected $2.8 billion surplus[0] quickly changed to being a $1.6 billion deficit[1].
[0] https://www.scpr.org/news/2016/11/17/66216/california-analyst-projects-2-8-billion-budget-sur/ https://www.scpr.org/news/2016/11/17/66216/california-analys...
[1] http://www.latimes.com/politics/la-pol-sac-jerry-brown-budget-trump-risks-20170110-story.html http://www.latimes.com/politics/la-pol-sac-jerry-brown-budge...
- dmode 8y agoYour links are from Jan 2017. Those were projections. 2017-2018 was $6bn budget surplus on top a $8bn rainy day fund. Here's the WSJ link from Jan 2018 https://www.wsj.com/articles/jerry-browns-legacy-a-6-1-billion-budget-surplus-in-california-1515624022 https://www.wsj.com/articles/jerry-browns-legacy-a-6-1-billi...