Credit Where Credit is Due July 28, 2013Posted by geoff in News.
Back in January (and before) there was a lot of derision from the right regarding California’s budgetary situation, but that was halfway through their fiscal year. The fiscal year finished at the end of June, so how’d they do?
Total revenue for the year was $103 billion, almost $16 billion higher than last year. Total disbursements were $96 billion, only $7 billion higher than last year.
Yes, California actually had a $7 billion surplus.
I have to admit that I didn’t think Jerry Brown could do it – I thought he was exactly the wrong guy for the job. But he got it done, and shut me up.
Congratulations, California and Governor Brown.