Wednesday, October 21, 2020

California Governor Gavin Newsom Receives TIA Award

I can't think of a governor more deserving.

In other words, it is completely unclear what is the state of California's finances. 

With costs soaring because of COVID-19 panic and revenues collapsing, it is completely irresponsible for the state not to update its financial condition in a timely manner. 


1 comment:

  1. The report is meaningless. The only information creditors are interested in is the maintenance of police powers and population trends. As long as the state can steal from its citizens and its citizens remain in place creditors are apparently confident they will be repaid. If significant numbers of citizens leave the state as has happened in New York and other northeastern states then the CAFR becomes more important.