From Jim Gilliam's blog archivesDavis' Budget Problems
January 6, 2003 1:51 PM
Today, Gray Davis is being inaugurated as governor of California. He faces the worst budget shortfall in California history: $35 billion dollars, or 35% of the $99 billion budget.
Daniel Weintraub, a columnist for the Sacramento Bee, wrote an excellent column detailing exactly why the state is in such a financial mess, and the options available to fix it.
Bottom line? The easiest way to fix the budget problem is to make sure the rich get richer.
More from the archive in Incompetence.
Davis' Budget Problems (01.06.2003)