Thursday, February 1, 2018
Californians: Your government is not your friend.
...in one of those only-in-California budget formulas, filling the rainy day fund presents a different kind of problem for legislators.
If they want to use the windfall of today’s booming economy for other priorities, like paying down debt, they’d have to actually spend money before filling the rainy day fund. Otherwise, the additional revenue would have to be spent on infrastructure like roads and prison repairs.
That’s right, California lawmakers might have to spend money to save it....