Posted by Jon Fleischman at 12:00 am on Aug 04, 2008 Comments Off on Taxpayers Need An Advocate In Court
Imagine just for a second that the chief financial officer of
one of the largest companies in the state advised his CEO to deal
with an extreme shortage of cash on hand by essentially doing
nothing, and then by asking for a high-risk, high-interest loan
that would end up costing the company hundreds of millions of
dollars.
That CFO would be fired.
But that’s exactly what John Chiang has done. As Controller, he
is the state’s chief financial officer. And his advice: keep paying
hundreds of thousands of state workers despite having no cash to do
so and no state budget in place authorizing him to cut checks.
The state constitution is clear: if there’s no budget in place,
the Controller can’t cut checks.
But Chiang refuses. It’s not clear whether he is saying he can’t
or if he won’t. But what is clear here is that there is a huge
opportunity here — to make the argument in support of taxpayers’
rights and in support of fiscal responsibility in Sacramento.
It’s great that the Governor has set up this fight because it
provides the opportunity to once-and-for-all clarify the
responsibilities of state government and… Read More