The one-day, $1-billion California budget gimmick that has lasted for almost a decade - News Summed Up

The one-day, $1-billion California budget gimmick that has lasted for almost a decade


But for the trick to never actually cost the state money, officials had to keep using it. And so they did: Every year, that month of payroll costs is moved from the final day of one fiscal year to the first day of the next. To do differently would mean that the money would again be considered an extra expense, one likely to be paid by reducing costs somewhere else.


Source: Los Angeles Times February 10, 2019 08:03 UTC



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