Wednesday, April 26, 2006

SACRAMENTO / California coffers fill with $1.5 billion in extra income tax / Should money go to debt and reserves or schools and aid?:
"'The extraordinary cash developments, significantly above estimated levels, feel like the revenue performance of the late 1990s,' Hill said. 'But we don't fully understand the basis of the revenue surge and how much is one-time in nature.'"

This is mind-boggling to me. To be able to mis-estimate revenue by so much and expect to run anything like a realistic budget is ludicrous. How can we make any decisions at all based upon government budget estimates? It's basically a free-for-all apparently. And these morons are debating what to do with the "extra" cash. God help us all.

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