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"Chiang also released our deficit total $22.3 billion which was measured on Feb. 28. Thats a $10.4 billion increase since January."
Government loves to confuse.
Revenues are UP by almost $2 billion.
In the past month, the deficit has gone up by $2 billion (without the increased revenue it would be up by $4 billion.)
But the $22 billion General Fund deficit does not include the $3 billion in unsold assets, the $5 billion in unpaid lost lawsuits or the $7.3 billion owed by the unemployment insurance fund.
The total deficit, not to be confused with the over $600 billion debt, of the State of California is $38 billion.
Why can't the folks in Sacramento tell the whole truth, in one place.
More...
Government loves to confuse.
Revenues are UP by almost $2 billion.
In the past month, the deficit has gone up by $2 billion (without the increased revenue it would be up by $4 billion.)
But the $22 billion General Fund deficit does not include the $3 billion in unsold assets, the $5 billion in unpaid lost lawsuits or the $7.3 billion owed by the unemployment insurance fund.
The total deficit, not to be confused with the over $600 billion debt, of the State of California is $38 billion.
Why can't the folks in Sacramento tell the whole truth, in one place.
More...