California Adventure: Fantasyland Budget
October 12, 2010
The spending plan recently passed by California Assembly and Senate, then signed by the Governor consists mainly of fantasy and nonsense. Today on KFI, one host described the budget as assuming the State was going to win 5 billion in Las Vegas.
That is about correct.
The State Legislative Analyst condemned the spending plan. Not only is it unrealistic, it was passed too late in the year to avert IOUs.
There is no downside when the Legislature and Governor commit frauds like these. They get paid anyway. The only people that suffer are taxpayers.