California Dreamin’…Of Balancing Their Budget
The State of California is selling 11 municipal buildings to raise $2.3 billion in an effort to help balance their budget. They are also including in their budget a gift subsidy from the US government (which would mean from the rest of the nation) of $7 billion. These two items account for just under 1/2 of the “balancing” that was done to close the $19 billion gap in the state’s current year budget.
If the sell off all the municipal buildings, does it mean they can’t meet anymore and thereby stop shooting the state in the foot?
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