May 12, 2012
UNEXPECTEDLY! GOV. JERRY BROWN SAYS CALIFORNIA FACING HIGHER-THAN-EXPECTED $16 BILLION BUDGET SHORTFALL:
California’s budget deficit has swelled to a projected $16 billion — much larger than had been predicted just months ago — and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, Gov. Jerry Brown said Saturday.
The Democratic governor said the shortfall grew from $9.2 billion in January in part because tax collections have not come in as high as expected and the economy isn’t growing as fast as hoped for. The deficit has also risen because lawsuits and federal requirements have blocked billions of dollars in state cuts.
How come the Red Queen’s Race only seems to happen in the bluest of regions?
UPDATE: Speaking of the Red Queen’s Race, “The History of Stockton: Chapter Nine.”