I spent my childhood in the Central San Joaquin Valley where summers are hot. Not quite California desert hot, but it wasn’t unusual to have days-long stretches of 100-plus degree temperatures. Luckily, my parents had a pool and we did not hesitate to use it. In fact, we spent most of our summer days in swimsuits and, occasionally, sunscreen. My dad also spent a good amount of time maintaining that pool, dripping liquids into a plastic doodad to test the chemicals in the pool water. Then he swished in some chlorine, maybe, and brushed and skimmed. It was slightly interesting, but time-consuming, and remember, very hot out. I don’t know that he ever thought he had any other option, he just did it.
This afternoon, Governor Jerry Brown presented his Department of Finance’s revenue forecast for 2011-12 pursuant to Chapter 41, Statutes of 2011 – the so-called “trigger cuts” that were approved as a component of the 2011-12 state budget package. Department of Finance Director Ana Matosantos outlined both the revenue forecast and the resultant reductions that will [...]
Everywhere you look: bad news. Not here! Check out some reasons for tempered optimism.
State General Fund receipts for May came in higher than expected, led by sales and use taxes. Also included: a chart showing actual receipts for the year versus budget estimates.
What to do with the extra revenue, if any?