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Controller’s January Cash Report — California $4.3 billion More Flush Than Expected
Total revenues for January 2013 were $4.3 billion above estimates found in the Governor’s budget plan presented early in the same month, according to State Controller Johan Chiang.
The spike in revenues – 39 percent higher than anticipated – appears in Chiang’s report covering California’s cash balance, receipts and disbursements for the first month of the calendar year, released February 8.    Read more »
Do These Questions Really Reveal the “Truth About Republicans?”
In a four-page letter that, no doubt, House Speaker John Boehner wept over numerous times while composing, he urges his fellow Americans to counter “liberal talking points saturating the media airwaves.”
Apparently, Democrats in Congress and their “liberal special interest allies” as well as their allies in the media “slanting coverage in favor of the liberal point-of-view” are misrepresenting the Republican Party and attacking its “conservative, pro-jobs agenda.”    Read more »
Fitting That Jerry Brown Honors Ronald Reagan Since Reagan Aided Brown’s Political Career
For the third time in as many years, Gov. Jerry Brown declares February 6 to be Ronald Reagan Day in California. To wit:
“From his humble Midwestern origins, through a successful career in Hollywood, and on to the highest offices in his state and country, Ronald Reagan lived the California dream.    Read more »
Jerry Brown Yet to Settle Up His Super Bowl Wager — But Working On It
Gov. Jerry Brown won’t be paying off his losing bet on the Super Bowl for a week or so.
Not that Maryland Gov. Martin O’Malley is griping about it.
Brown said before the game that if the San Francisco 49ers didn’t prevail he would send O’Malley a copy of “California: The Great Exception,” the insightful 1949 examination of what makes the Golden State unique by Carey McWiliams.    Read more »
Tight Fists vs. Spendthrifts
“State revenues should cover expenses. But the balance will vanish if a bunch of stuff doesn’t break California’s way.”
By Greg Lucas
Sacramento News & Review, January 24, 2013 — Budgets bite. Mainly because spending can’t be more than money received. Budgets allow for spending on some fun stuff, but require saying no to other good stuff, which is usually the really super primo good stuff, since that’s the only stuff for which there never seems to be enough money available in the budget.    Read more »
The California Channel Presents: “A Night at the State Library: California in the Civil War”
Ten days after the Civil War began — late April 1861 — the Pony Express brought the news to California. While geographically distant from the principal battlefields of the war, California still felt the war’s impact. Dr. Robert J. Chandler, a historian for Wells Fargo Bank for over 30 years before retiring, talks about the Golden State and the War Between the States.    Read more »
State Income Tax Collections $5 Billion Above Estimates in January
Income tax collections by the state in January – estimated payments by individuals and withholding done by employers totaled $12.7 billion — $5 billion over the Brown’s administration’s estimates, the Legislative Analyst said February 1.
While the analyst noted that more revenues now could mean less later – particularly in April, the highest collection month of the year — the unexpected cash may just be more cash than expected.    Read more »
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