FOR IMMEDIATE RELEASE: May 14, 2015
CONTACT: Tim Clark @ 916.346.6551
Senator Moorlach Responds to May Budget Revision
“Even without considering unfunded pension and retiree medical liabilities, California still has an unrestricted net deficit of $117 billion. In accounting language, that means our state is in desperate financial shape.”
“If your bank account is empty, and your kitchen table is piled high with unpaid bills, you don’t go out and spend your next paycheck for a down payment on a new car.”
(Sacramento, CA) – Newly elected State Senator and nationally recognized government budget and finance expert, John Moorlach released the following statement today in response to California Governor’s release of the state budget’s May Revision. Continue reading