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To: calcowgirl
What am I missing?

Nothing.

As long as we all work off the same doc it doesn't matter. I prefer the official version at the California Department of Finance website which is approximately 2.8 MB.

30 posted on 01/10/2006 8:14:19 PM PST by Amerigomag
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To: Amerigomag
I prefer the official version at the California Department of Finance website which is approximately 2.8 MB.

Okay. I got it then (I hope). FullBudgetSummary.pdf is 2853KB (even though the website said it shoud be 2141KB)

To access the entire Budget Summary document in a printable format (pdf), click here:  

Budget Summary - All Chapters (pdf * - 2141K)  
ftp://ftpgovbud.dof.ca.gov/pub/BudgetSummary/FullBudgetSummary.pdf
In that document, I also found Genest's description of the deficit:
When you took office you inherited over $22 billion in accumulated debt and an estimated structural budget deficit of $14 billion in 2004-05, which was anticipated to grow to $16.5 billion by 2006-07 unless steps were taken to reduce it.... The budget does not entirely solve the state’s structural budget problem, but we have taken major steps toward completing that goal. With this budget, the operating deficit is reduced to $6.3 billion. Since the budget includes $1.6 billion for repayment of debt, including $460 million to pre-pay the Economic Recovery Bonds, the effective operating debt is $4.7 billion, which is 72 percent less than it was projected to be for 2006-07 when you took office. While there is still work to be done to put the state on solid financial footing, we are much closer today than we were only two years ago. The work-out plan is working.

31 posted on 01/10/2006 8:38:13 PM PST by calcowgirl
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