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Wednesday, May 27, 2009

What is the definition of insanity?

We have an interesting – though arguably insane – system. The state continues to be in horrible budgetary shape. The most recent word from my Sacramento sources is that the newest “mid-year” shortfall (coming in July) will be $29 Billion – not the $21 Billion predicted 1 week ago. Additionally, by all predictions the state will again be totally out of “cash” and unable to pay its bills in July.

So here is the insane part – what is the state solution? The state that can’t balance its budget or seemingly project its position on any of this – is intending to “take” money from city and county governments (thankfully school districts are not currently in this plan) to fill its coffers. So the state that can’t balance its budget – takes money from those that can and do have balanced budgets and long-range planning. It seems that we will have an “entertaining” summer.

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