California has more money than projected after admin miscalculated state budget
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Re: California has more money than projected after admin miscalculated state budget
#2This but for government:
https://www.reddit.com/r/gamedev/comments/z4meh0/game_design...
Re: California has more money than projected after admin miscalculated state budget
#3A little “bank error in your favor” sitchu. We love to see it.
Re: California has more money than projected after admin miscalculated state budget
#4If you want a vivid illustration (from an adjacent state) about the impact of pessimistic fiscal projections: Oregon has an infamous "kicker" law that refunds income taxes collected in excess of projections (plus a 2% margin). The state faces the same budgetary challenges as California... but can't project too pessimistically lest it leave money off the table.
Re: California has more money than projected after admin miscalculated state budget
#5A little “bank error in your favor” sitchu. We love to see it.
"See what?" --Gavin
Re: California has more money than projected after admin miscalculated state budget
#6Given that school budgets are absolutely gutted with mass layoffs this year and next, and the miscalculation looks like 2/3 of the budget shortfall, hiding such a basic and impactful error requires a much better explanation than I see in that article. It looks like it was done to stifle debate about budget allocations, which would be necessary in the circumstances.
Re: California has more money than projected after admin miscalculated state budget
#7This is wild. A mistake of this magnitude should result in several positions becoming vacant and many politicians being ineligible for any future offices.
If a government can’t budget accurately everything else they do is likely even less competent. Every number and statistic they report should be treated with suspicion. Without clear data who is to say they are doing anything helpful at all?
Re: California has more money than projected after admin miscalculated state budget
#8Given that school budgets are absolutely gutted with mass layoffs this year and next, and the miscalculation looks like 2/3 of the budget shortfall, hiding such a basic and impactful error requires a much better explanation than I see in that article. It looks like it was done to stifle debate about budget allocations, which would be necessary in the circumstances.
> Given that school budgets are absolutely gutted
What now?
https://edsource.org/2026/how-california-compares-to-other-s...
https://educationdata.org/public-education-spending-statisti...
Re: California has more money than projected after admin miscalculated state budget
#9[flagged]
Re: California has more money than projected after admin miscalculated state budget
#10If you want a vivid illustration (from an adjacent state) about the impact of pessimistic fiscal projections: Oregon has an infamous "kicker" law that refunds income taxes collected in excess of projections (plus a 2% margin). The state faces the same budgetary challenges as California... but can't project too pessimistically lest it leave money off the table.
Oregon's kicker law is a textbook example of bad economic policy, sadly. It essentially means that in boom years the state can't accumulate any general funds for recessions, which is half of the point of a state-level political entity in the first place. Balanced budgets and pay as you go are fabulous over the medium term, but over the short term of a year or two during a disaster or recession, governmental spending is critical as a counterbalance to reduced investment and general employment income.