'Almost non-existent'
The Legislative Analyst’s Office released their long-awaited 2010-11 Budget Analysis this afternoon, and it’s not likely anyone will have any trouble finding the money quote:
“While the odds seem favorable for some federal relief sought by the administration, we believe the likelihood of Washington agreeing to all of the Governor’s requests is almost non-existent.”
That’s from page 4—hey, even the LAO knows you gotta lead with your A Material. Anyway, here are a few more lines from the 28-page report that we thought were at least moderately hilarious:
“[T]he Legislature and the Governor will need to agree to a framework to solve much of the budget problem by the end of March.”
“State jobs are expected to shrink 0.7 percent in 2010 but grow 1.3 percent in 2011.”
“[T]he budget includes $450 million of new revenues for which there are no specific proposals.”
“State employee salaries would be reduced across the board by 5 percent.”
-Anthony Pignataro
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