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RedRifle
Vanderbilt Fan
Austin/NO
Member since Dec 2013
6442 posts

California has a $6.1 billion budget surplus


LINK

quote:

LOS ANGELES—California Gov. Jerry Brown appears poised to exit office next year with a top political priority in hand: free from the massive budget deficits that had weighed on his predecessors. Buoyed by tax increases passed under his administration and a strong economy, Mr. Brown said Wednesday that the state is projecting a $6.1 billion surplus for the next fiscal year, which begins July 1.




JetsetNuggs
Chicago Cubs Fan
New Orleans
Member since Jun 2014
3882 posts
 Online 

re: California has a $6.1 billion budget surplus
And yet, no water. frick those dorks.


ProjectP2294
Penn Fan
South St. Louis city
Member since May 2007
42736 posts
 Online 

re: California has a $6.1 billion budget surplus
What about their unfunded pension liabilities?


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1547
SprintFun
Ohio State Fan
Columbus, OH
Member since Dec 2007
44417 posts

re: California has a $6.1 billion budget surplus
That is pretty impressive considering that state has been a financial black hole for the past two decades it seems like.


TDcline
Navy Fan
American Gardens building 11th flor
Member since Aug 2015
5488 posts
 Online 

re: California has a $6.1 billion budget surplus
That’s enough to buy like 3 houses in Los Angeles
This post was edited on 3/4 at 11:30 am


skinny domino
LSU Fan
sebr
Member since Feb 2007
11783 posts

re: California has a $6.1 billion budget surplus
quote:

That’s enough to buy like 3 houses in Los Angeles
or one and a half in San Francisco.


Janky
LSU Fan
Team Primo
Member since Jun 2011
21840 posts

re: California has a $6.1 billion budget surplus
Thanks Trump.


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5149
Tiger Roux
LSU Fan
Houston
Member since Mar 2009
3451 posts

re: California has a $6.1 billion budget surplus
I thought they need billions to finish light rail from LA to SF ?


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111
NeverRains
LSU Fan
Texas
Member since Jun 2012
2365 posts

re: California has a $6.1 billion budget surplus
$6 billion in California is like $2 million in the rest of the USA


Rebel
Memphis Fan
Graceland
Member since Jan 2005
100576 posts

re: California has a $6.1 billion budget surplus
Why are people fleeing in record numbers?


EmperorGout
New Orleans Saints Fan
I hate all of you.
Member since Feb 2008
9677 posts
 Online 

re: California has a $6.1 billion budget surplus
5th or 6th largest economy in the world baw


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304
Mingo Was His NameO
LSU Fan
318
Member since Mar 2016
4806 posts
 Online 

re: California has a $6.1 billion budget surplus
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.


yellowfin
Chicago Cubs Fan
Coastal Bar
Member since May 2006
89703 posts

re: California has a $6.1 billion budget surplus
quote:

tax increases


I don't want a governor that's going to balance the budget by taking more money from me


yellowfin
Chicago Cubs Fan
Coastal Bar
Member since May 2006
89703 posts

re: California has a $6.1 billion budget surplus
You need to brush up on your governmental before taking that CPA exam


KosmoCramer
Ohio State Fan
Member since Dec 2007
59191 posts
 Online 

re: California has a $6.1 billion budget surplus
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.


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483
EmperorGout
New Orleans Saints Fan
I hate all of you.
Member since Feb 2008
9677 posts
 Online 

re: California has a $6.1 billion budget surplus
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


High C
Houston Astros Fan
viewing the fall....
Member since Nov 2012
21550 posts

re: California has a $6.1 billion budget surplus
Seems like they could pay someone to shoot those cows, then.


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120
Mudminnow
LSU Fan
Member since Aug 2004
31076 posts

re: California has a $6.1 billion budget surplus
I'm not sure that means ready made funds available. TX has a 10B in rainy day funds but couldn't touch it when the flood happened.


High C
Houston Astros Fan
viewing the fall....
Member since Nov 2012
21550 posts

re: California has a $6.1 billion budget surplus
quote:

TX has a 10B in rainy day funds but couldn't touch it when the flood happened.


How ironic


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601
EmperorGout
New Orleans Saints Fan
I hate all of you.
Member since Feb 2008
9677 posts
 Online 

re: California has a $6.1 billion budget surplus
quote:

TX has a 10B in rainy day funds but couldn't touch it when the flood happened.


CA has about the same and one of the proposals is to top off the reserves at about 13.5B


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