kirkb2019-02-13T15:55:19-08:00May 19th, 2010|
CCMA, the California Committee on Municipal Accounting, has issued a white paper to provide accounting and financial reporting guidance to local governments affected by the State of California's borrowing of local property taxes under the emergency suspension of Proposition 1A. The paper addresses accounting issues both for agencies that participated in the securitization program as [...]
kirkb2010-07-17T18:32:37-07:00May 18th, 2010|
Full Report: HTML - PDF In the May Revision, the administration identifies a $17.9 billion gap between current-law resources and expenditures in California's 2010-11 General Fund budget. This estimate is reasonable. In addressing the shortfall, the Legislature should reject the Governor's most drastic spending cuts, especially his proposed elimination of CalWORKs and child care funding. [...]
