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.
Last fall, California State Controller Betty Yee rejected our sunshine request for the state checkbook.
State credit rating: The state auditor just issued a report saying the state's $1.1 billion accounting system is so flawed that it could lead to a state credit downgrade.
Yee estimates the state only loses a mere 0.3 percent of state dollars every year through waste, abuse, and fiscal mismanagement.
Every state across America can produce a complete checkbook of public expenditures.
https://www.realclearpolitics.com/articles/2020/01/23/suing_california_to_produce_a_state_checkbook_142216.html
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.
Last fall, California State Controller Betty Yee rejected our sunshine request for the state checkbook.
State credit rating: The state auditor just issued a report saying the state's $1.1 billion accounting system is so flawed that it could lead to a state credit downgrade.
Yee estimates the state only loses a mere 0.3 percent of state dollars every year through waste, abuse, and fiscal mismanagement.
Every state across America can produce a complete checkbook of public expenditures.
https://www.realclearpolitics.com/articles/2020/01/23/suing_california_to_produce_a_state_checkbook_142216.html
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