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re: California has a $6.1 billion budget surplus
Posted on 3/4/18 at 11:38 am to RedRifle
Posted on 3/4/18 at 11:38 am to RedRifle
Just to be clear, having a budget surplus and actually having money are not the same thing. That just means your assets are valued higher than liabilities, but if they actually had to pay the liabilities they couldn't.
3
Posted on 3/4/18 at 11:41 am to Mingo Was His NameO
You need to brush up on your governmental before taking that CPA exam
Posted on 3/4/18 at 11:42 am to Mingo Was His NameO
quote:
That just means your assets are valued higher than liabilities, but if they actually had to pay the liabilities they couldn't.
No, it doesn't.
Posted on 3/4/18 at 11:43 am to Mingo Was His NameO
quote:
Just to be clear, having a budget surplus and actually having money are not the same thing.
Just to be clear not only does CA actually have billions in surplus cash they are trying to figure out what to do with it
At this point adding to state reserves seems the most likely choice, along with increasing school funding
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