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The idea is to bank the surplus during the fat years. But no politician was ever re-elected for having a budget surplus.



Reminds me. Prop 13 was passed in the 70's when Brown was governor. One of the things the proponents hammered on was Brown's budget was running a surplus.


Jerry Brown passed the California "rainy day fund" in November 2014 on the same ballot on which he was re-elected. Literally re-elected on a budget surplus platform.


Too bad the surplus came from cutting the emergency preparedness programs that ought to have been funded by a surplus.


Having a budget surplus platform is not at all the same thing as having a budget surplus.




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