Here’s the full skinny on the alleged budget for 2009, and 2010, in the Leaden State, and the deals between Der Ahhhnold and the California Legislature.
• $4 billion in new “revenues,” i.e., fees that aren’t being called taxes, I presume. You’re not alone, Californians; it’s popular here in Tejas, too. If this is $4 billion in assumed state revenue growth, then the parties involved are even bigger liars yet.
• $3 billion in accounting maneuvers, or whatever you want to call them.
• $2 billion new borrowing.
• And forcing local governments to pay more for various things.
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