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Re: California Budget Surplus Nears $1 Billion 

By: Zimbler0 in POPE IV | Recommend this post (5)
Thu, 13 Jul 17 11:08 PM | 56 view(s)
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Msg. 29069 of 47202
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From the Pffffters . . .

>>>

Californica has a 'budget surplus' ???

I don't think so.
try this article.
Zim.

>>
$1.9 billion error adds to California deficit…

http://www.mercurynews.com/2017/01/18/1-8-billion-error-adds-to-california-deficit-projection/

SACRAMENTO, Calif. (AP) — Gov. Jerry Brown’s administration miscalculated costs for the state Medi-Cal program by $1.9 billion last year, an oversight that contributed to Brown’s projection of a deficit in the upcoming budget, officials acknowledged this week.

The administration discovered accounting mistakes last fall, but it did not notify lawmakers until the administration included adjustments to make up for the errors in Brown’s budget proposal last week. The Democratic governor called for more than $3 billion in cuts because of a projected deficit he pegged at $1.6 billion.

>>>

Article does continue.
Zim.




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