Monday, January 27, 2020

Failed Hispanic State

Suing California to Produce a State Checkbook
Just a few of the serious financial problems facing California include unfunded public employee pension promises, a potential state credit downgrade, an unprecedented homeless crisis, and a net out-migration of 912,000 residents since 2010.
One easy step California can take is to join every other state in the union and open up its state checkbook for review. Allowing citizens, journalists, watchdogs, academics, and public policy experts to review state spending would help the state get its fiscal house in order.

Unfortunately, last fall, California State Controller Betty Yee (pictured) rejected our sunshine request for the state checkbook. Oddly, the rejection didn’t argue the law, but instead claimed that the controller couldn’t locate a single one of the 49 million bills she paid last year.
This admission provides a troubling clue to California taxpayers who are wondering how and where their money is being spent. The answer is the people spending it literally don’t know. Or they at least say that don’t.
Like Puerto Rico, Mexico, Venezuela, Honduras, Guatemala.

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