Government
May 10, 2003
Fiscal Facade
Forum Column - By Kenneth J. Theisen - On April 30, California legislative leaders approved a plan to sell $1.85 billion in bonds to cover the state's annual contribution to the public employee pension fund. The deal was a small step in solving the projected budget deficit of $35 billion. The Legislature faced a May 5 deadline to approve the deal or have the state be forced to make a $650 million payment from the general fund.
Forum Column
By Kenneth J. Theisen
On April 30, California legislative leaders approved a plan to sell $1.85 billion in bonds to cover the state's annual contribution to the ...
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