Walters has written a truly depressing column about the budgetary situation in the Golden State. In this piece, he summarizes the gloomy findings of the Legislative Analyst, Mac Taylor, about CA's budgetary future. Paraphrasing Taylor, Walters summarizes:
He tells the Legislature that even were the economy to recover, California faces many years of gaps between income and outgo. Indeed, the situation could worsen in a couple of years as the temporary taxes expire and the temporary spending deferrals and debts come due.Note: the CA Legislative Analyst is technically non-partisan but works for a state legislature dominated by Democrats.
