https://calwatchdog.com/2011/07/07/budget-assumptions-dont-hold-up/ Thu, 11 Aug 2011 18:37:10 +0000 hourly 1 https://calwatchdog.com/2011/07/07/budget-assumptions-dont-hold-up/#comment-5663 Thu, 11 Aug 2011 18:37:10 +0000 http://www.calwatchdog.com/?p=19785#comment-5663 […] It is the economic assumptions that the state makes when planning the budget that are just as important as the application of rates of taxation and fee rates.  Is that boring?  Quite possibly.  But it speaks to the larger point that government is inefficient in determining future economic activity and, when possible, will make absurd assumptions when politically expedient. […]

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