Quote:
Originally Posted by Saratoga_Mike
That was true 8 or 9 years ago, but Cali's latest surplus was approx. $9 billion. In addition, the state has almost $15 billion in a rainy day fund. For the upcoming fiscal year, the state's surplus is projected at $14.8 billion. I wouldn't count on the $14.8 billion number, as I suspect the economy will be weaker than the forecast embedded in their plan,* but they are not broke.
*stock market-related capital gains can be a big swing factor in Cali, too
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I would bet that the fires take a big chunk outta that....if it's even accurate...I'm not going to fact check it either way...
The bigger issue is....BIG BROTHER....if they CAN successfully tax texts...it's VERY scary INDEED....
