Posted By The P/Oed Patriot
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According to an article on The Sacramento Bee, the great progressive state of California will be broke by early March:
“California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.
The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June.”
The reason given for this sudden shortfall in funds is that the courts have blocked some cuts and some expected savings may appear later in the fiscal year than expected.
Or could it just be that the progressive nanny state of California spends way too much freaking money?