Reuters - California lawmakers in the state Senate approved on Tuesday evening the first bill in a state budget package that closes a nearly $10 billion shortfall a day after Governor Jerry Brown and top Democrats unveiled the package.
Just under a month ago, the mainstream media and blogging coat-tail-riders all hailed the miracle that was a huge windfall rise in California's tax receipts as a sign; a glimpse of what was to come from our centrally planned utopian recovery. Surpluses, taxes up, life is good. Unfortunately, as is always the case in reality, if its too good to be true, then it is! The LA Times reports that the historic $5bn revenue bump appears to have been an accounting anomaly!
SACRAMENTO, Calif. — California on Monday became the first state to enshrine certain rights for transgender kindergarten-through-12th grade students in state law, requiring public schools to allow those students access to whichever restroom and locker room they want.
Last month writers were all aglow on the state of finances in California. For example ...
The Christian Science Monitor reported Surprise! California has a budget surplus
Reuters reported California Governor's budget has surprise: a surplus