FISCAL WONDERFULNESS IN THE FORMERLY GREAT STATE OF CALIFORNIA

By Bob Walsh

 

The California Globe has reported the following information on the fiscal situation of a fair number of local government operations in CA.

The City of Los Angeles is about $1 billion in the hole.

The city of San Diego is about $300 million upside down.

The city of Sacramento is a paltry $66 million in deficit.

The city of San Francisco is not quite $900 million in debt.

Oakland is looking at a $268 million debt over two years.

It is not possible to guesstimate the L A County deficit right now due to possible claims of as much as $4 billion under AB 218 (childhood sexual assault liabilities).  

We are running out of pixie dust and unicorn farts with which to balance the budgets here.