Dan Walters: Is California’s new budget balanced? Not really

Gov. Jerry Brown blunted the expansionist tendencies of his fellow Democrats in writing a new state budget, but that doesn’t mean it’s the “balanced” spending plan that he and other Capitol politicians are claiming.

They define “balanced” as the state’s having enough revenue to pay for the 2013-14 budget’s appropriations. However, their budget ignores some very real obligations that, if recognized, would put the state many billions of dollars in the red.

Read more here: http://www.sacbee.com/2013/06/12/5489724/dan-walters-is-californias-new.html#mi_rss=Dan%20Walters#storylink=cpy

via Dan Walters: Is California’s new budget balanced? Not really.

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