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California's budget

By: Decomposed in ROUND | Recommend this post (0)
Fri, 08 Jul 11 5:26 PM | 68 view(s)
Boardmark this board | De's Test Board

Msg. 33797 of 45510
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The good news? California has a signed budget - signed almost on time for the first time in years!

The bad news?

'The budget does not address the stateâ€™s backlog of budget obligation accumulated during the past decade of non-structural responses to prior budget solutions. Furthermore, whether the budget will remain in-balance through the end of fiscal 2012 rests on the continued favorable performance of state tax revenues and on the deficit-reducing efficacy of some of the adopted solutions.â€'

What do you think the chances are of THAT??

http://blogs.marketwatch.com/thetell/2011/07/07/californias-missed-opportunity-on-state-budget/

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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