
A Quick Weekend Survey
Take a minute this weekend to answer the following question:
The Legislative Analyst’s Office announced today that revenue in the recently adopted State budget will fall short of projections by $8 billion, with significantly increasing budget shortfalls in subsequent years. Should that news be filed under:
A) Color me surprised,
B) We told you so,
or
C) Fill in the blank ?
If you select C, please provide an answer as to where you believe the news should be filed. Be creative. Post it in the comments or shoot me an email. Let’s not assume that "Tax increases should have been higher" is the best answer.
In the meantime, read Senator Dennis Hollingsworth’s take on the matter:
Senator Hollingsworth Statement regarding Legislative Analyst’s Office Projecting $6 Billion Deficit “The fact that the LAO is projecting a $6 Billion deficit for the 2009-2010 Budget is not a surprise. I… Read More