California A financial report issued by state auditors finds that the state of California is in the red by an unsustainable $127.2 billion. The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated. Liberal response -------------- A state panel on Wednesday approved a 5% pay raise for Gov. Jerry Brown, legislators and other state elected officials… The panel’s action boosts the salary of Brown from $165,288 to $173,987 in December, and increases legislators’ pay from $90,520 to $95,291 at the same time. moonbattery/?p=32081
Posted on: Thu, 20 Jun 2013 21:56:05 +0000
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