By any rational measurement the state of CA is broke.
It will only get worse from here on..declining revenues due to drop in realestate capital gains and declining income tax revenues as good jobs leave the state. Also..stock options are down. They actually think they can float bonds to support current spending..
The politico’s in CA are nuts.
LOL! No they're not, it just looks that way because of the nifty way government(s) keep their books.
In 2003 and according to the state's Comprehensive Annual Financial Report, California Has At Least $59.83 Billion in Surpluses of the Taxpayers Money it is not using.
Check out the website. The author is a retired USAF Lieutenant Colonel and has been a Federal Accountant working with Comprehensive Annual Financial Reports for 15 years.