http://www.sfgate.com/news/article/Gov-Brown-proudly-signs-balanced-state-budget-4628307.php
It's sad that this is actually pretty far from the truth.
One just has to look at the budget to realize that just because the "general fund" is "balanced" doesn't mean we are not mis-appropriating a crap-load of money from the "special fund" as well as issuing bonds to borrow money.
http://www.ebudget.ca.gov/
So much for balanced budget...
Anyone with any math skills (sadly that might rule out about 33% of the population) will see that of a $142 billion dollar budget, $96 bil comes from the general fund where as $42 bil comes from "special funds" and $6.99 Bil comes from straight borrowing.
A quick look at the "income" side of the budget will tell you that we are running a heavy deficit, except for misappropriate money from "Special Funds" with income only at $98 bil. Additional interesting areas include the projections that Sales Tax and Corporate Tax revenue will increase while Income tax will fall. Strange but I guess logical assuming a lot of the sales tax revenue was front-ran in 2012 to avoid tax increases...
If you're wondering what special funds are here's an explanation:
http://www.sacbee.com/2012/08/03/4688237/california-reaches-deep-into-special.html
Basically DMV fees etc....
No comments:
Post a Comment