Tag "volatile revenue"

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California faces revenue surplus, persistent debt

  California’s state auditors recently released an unflattering look at the state’s finances, part of their annual report. Issued several years in arrears, the assessment showed nearly $2 billion in deficit spending for the 2011-2012 fiscal year, piling more borrowed

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Gov. Brown’s 3D chess game leads to timid politics

If you believe Jerry Brown is a governing genius, then forgive me for laughing until I injure myself. What I think is that he’s scary shrewd at managing the narrative, at keeping people in the dark about what he’s really

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