A New Budget Idea from Bill Leonard
From State Board of Equalization Member Bill Leonard’s latest e-newsletter: UNDER THE DOME ***The ‘No-Budget’ Budget*** As everybody knows from family or business budgeting, some 85% of spending is the same year after year with some adjustments for inflation. The real decisions are over the remaining 15% of available revenue, when it is available. The California state budget is the same. Except when it is warped by excessive borrowing (which is the current problem), the spending programs grow at a predictable rate. When spending gets out of hand there are major reforms that come together to make changes as we have done… Read More