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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Land Shark who wrote (998435)2/3/2017 11:35:52 AM
From: Brumar89  Read Replies (2) | Respond to of 1573708
 
So robust it exports jobs to other states.



To: Land Shark who wrote (998435)2/6/2017 5:18:54 PM
From: jlallen4 Recommendations

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  Read Replies (1) | Respond to of 1573708
 
Robust CA economy....LOL!



A financial report issued by state auditors finds that the state of California is in the red by an unsustainable $127.2 billion.

The report says that the state’s negative status increased that year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.
Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.
About half of the deficit came from the state issuing general obligation bonds and then giving the money to local governments and school districts for public works projects. The report listed California’s long-term obligations at $167.9 billion, nearly half of which ($79.9 billion) were in general obligation bonds, with another $30.8 billion in revenue bonds, the Sacramento Bee reported.