Plus Ça Change in California

State budget more vulnerable than ever to stock market decline.

Take a look at California’s General Fund revenues over the last twenty years:

Image for post
Image for post
Schedule 2, 2017–18 Governor’s Budget
  1. Get value — ie, health! — for Medi-Cal spending that’s increasingly crowding out other services.
  2. Reduce pension and other post-employment costs that are crowding out classrooms, new teachers and other services.
Image for post
Image for post
S&P 500 Index

Written by

Lecturer at Stanford University and president of Govern For California

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store