California has more money than projected after admin miscalculated state budget

Post by [deleted] » Wed, Apr 22, 2026, 11:42 PM UTC

yongjik wrote: post #95

JumpCrisscross wrote: post #49

Earlier quoted context omitted.

> in boom years the state can't accumulate any general funds for recessions Genuine question: have states had the discipline not to raid these coffers in the boom years? The alternative is borrowing in downturns. That works because during recessions interest rates are low. The opposite problem then manifests, however, which is the state continuing to borrow through the recovery. Maybe instead of citing shortfalls and…

> have states had the discipline not to raid these coffers in the boom years? "Let's give the money back to voters because they will like that and we'll figure out something else in tough years" is, like, the quintessential example of "raiding these coffers." It's basically like big tech companies turning profit into stock dividends because investors love it and the CEO will be handsomely rewarded, and who cares abou…

Post by nxobject » Thu, Apr 23, 2026, 2:36 PM UTC

lotsofpulp wrote: post #112

nxobject wrote: post #109

Earlier quoted context omitted.

I appreciate you adding your experience here – I'm curious, just with the amount of knowledge you have of Oregon's fiscal oddities (e.g. biennial budgeting): are you an Oregonian yourself? I feel that I'm part of a sector of Oregonians that, because of our mini-recession and constant cuts, is suddenly having to learn about a lot of fiscal oddities that are finally catuching up with us. (e.g. how centralized education…

No, I am a Washingtonian, though. And I have a masochistic interest in government budgets and funding mechanisms.

Post by datsci_est_2015 » Fri, Apr 24, 2026, 3:12 PM UTC

apparent wrote: post #108

datsci_est_2015 wrote: post #106

Earlier quoted context omitted.

I’m going to sidestep your pedantry and focus on why we’re actually having this conversation: it is obvious from data and observations at scale that children struggle to learn meaningfully in the presence of technology, i.e. screens, in the same way that children learned with educators of the quality that taught previous generations (higher salaries). Techno-Utopianism is such a grating ideology, especially when thro…

If basic logic is pedantry in your book, I think we're done here. Looks like you're new here, but perhaps won't last long if you're allergic to logic.

Post by reducesuffering » Sat, Apr 25, 2026, 9:00 PM UTC

xp84 wrote: post #116

reducesuffering wrote: post #56

Earlier quoted context omitted.

Not really a fact, more of a bad anecdote. Currently HI gas is just $0.17 cheaper than CA, and I see many CA gas stations at $5.09, just like HI. A decent chunk of that comes from strict CA low pollution refining, you know, to help you breath better... https://gasprices.aaa.com/state-gas-price-averages/

5.09 - lol, ok maybe in the rural parts of the state or something. In L.A. it's $5.50 at the very cheapest stations (read: go out of your way and maybe waste 10 minutes waiting, then wait in line to pay cash) and even Bakersfield is about $5.25 minimum. $5.60-5.75 is what I see on most normal stations. The refining regulations are so great that they have succeeded in forcing nearly every refinery here to close now, s…