California Spending by Day, Hour and Second

Government over-spending in California continues unabated despite poor economic conditions. In 2007, state revenue was over $105 billion. In 2012, state revenue will be just $82 billion. California’s debt service will increase to $9.2 billion without any new borrowing. This is partly due to the legislature’s budget gimmickry back in 2009. The state will have to pay back $1.9 billion dollars it used to “balance” the budget that year.
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