Another California Tax Hike to Fund a Boondoggle Program
California Cancer Research Act
By Warner Todd Huston —— Bio and Archives--October 19, 2011
American Politics, News | Comments | Back To Full Article
As a result of years of budget deficits and wasteful spending by the state legislature, California faces difficult budget challenges for the next ten years. This bad news is courtesy of a recent analysis of the state’s long-term debt obligations by state Treasurer Bill Lockyer (Download .pdf of Lockyer’s Report). The analysis adds to a growing list of bad fiscal news for California, a state already struggling under the nation’s worst credit rating not to mention suffering the highest unemployment in the country at 12%.
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