But much of the $15.2 billion budget shortfall would be bridged by advancing revenues to be collected in future years, shifting or borrowing money from other state funds and employing accounting maneuvers. The plan would generate immediate revenue but leave gaping holes in future budgets.
Sep 15, 2008
Robbing Paul to pay Paul
It may surprise you to learn that the secret budget deal worked out by California lawmakers will put off tough decisions and leave "gaping holes in future budgets." From the Sacramento Bee: