4 ms·
Pre-COVID, California was a model of fiscal responsibility.
by erichocean 6y ago
Pre-COVID, California was a model of fiscal responsibility.
- surfmike 6y agoLong term we got pension issues, but yes in fact, our previous governor was great at cutting back spending and was very fiscally responsible. https://www.politifact.com/factchecks/2018/dec/18/jerry-brown/does-california-have-budget-surplus-nearly-30-bill/ https://www.politifact.com/factchecks/2018/dec/18/jerry-brow...
- adt2bt 6y agoNot sure if facetious, but this appears generally true on the face of it. They had a $21B surplus last year, and COVID has decimated state tax incomes across the board. Post-COVID, it should be expected that they'll be just fine. I agree with GP that this just feels like a hit piece.
- stmfreak 6y agoHow do you declare a $21B surplus while carrying a $1T unfounded pension liability?