Moneymoneycaliforniastupidity

Wed Jan 18, 2017, 11:44 PM

$1.9 BILLION ERROR ADDS TO CALIFORNIA DEFICIT PROJECTION

(THE HEADLINE IS FORMATTED IN CAPS)

SACRAMENTO, Calif. (AP) -- Gov. Jerry Brown's administration miscalculated costs for the state Medi-Cal program by $1.9 billion last year, an oversight that contributed to Brown's projection of a deficit in the upcoming budget, officials acknowledged this week.

The administration discovered accounting mistakes last fall, but it did not notify lawmakers until the administration included adjustments to make up for the errors in Brown's budget proposal last week. The Democratic governor called for more than $3 billion in cuts because of a projected deficit he pegged at $1.6 billion.

"There's no other way to describe this other than a straight up error in accounting, which we deeply regret," said H.D. Palmer, a spokesman for the Department of Finance.

The agency followed its normal practice by waiting to report the errors in the governor's next budget, he said.

Brown's deficit projection was driven by more than just the accounting error, Palmer said, noting that California tax collections came in below expectations for most of the first half of the fiscal year.

http://hosted.ap.org/dynamic/stories/C/CA_CALIFORNIA_BUDGET_MEDICAID_ERROR_CAOL-?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

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Reply $1.9 BILLION ERROR ADDS TO CALIFORNIA DEFICIT PROJECTION (Original post)
AmandaCMatthews Jan 18 OP
Da Mannn Jan 18 #1
Nephrite Jan 18 #2
foia Jan 19 #4
Nephrite Jan 19 #6
Time Jan 18 #3
Butchie_T Jan 19 #5
DoDaMan Jan 19 #7
shortviking Jan 19 #8
Qukid Jan 19 #9
DDKick Jan 19 #10

Response to AmandaCMatthews (Original post)

Wed Jan 18, 2017, 11:50 PM

1. why they will never secede

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Response to AmandaCMatthews (Original post)

Wed Jan 18, 2017, 11:50 PM

2. So That's Where

the Arthur Andersen boys wound up, in Cal Gov!

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Response to Nephrite (Reply #2)

Thu Jan 19, 2017, 12:00 AM

4. AA was very good at math

Just bad at keeping it hidden.

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Response to foia (Reply #4)

Thu Jan 19, 2017, 12:15 AM

6. Good Point



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Response to AmandaCMatthews (Original post)

Wed Jan 18, 2017, 11:54 PM

3. "There's no other way to describe this other than a straight up error in accounting"

1.9 BILLION? I tried hard to come up with a joke, but the joke wrote itself. 1.9 billion? how in a world one makes a mistake like that?

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Response to Time (Reply #3)

Thu Jan 19, 2017, 12:12 AM

5. Two words....

Common Core.

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Response to Time (Reply #3)

Thu Jan 19, 2017, 01:12 AM

7. "...and they assure us that no other programs have this math error, at least not to their knowledge"

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Response to AmandaCMatthews (Original post)

Thu Jan 19, 2017, 01:40 AM

8. People should be fired for that. But government employees are never fired.

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Response to AmandaCMatthews (Original post)

Thu Jan 19, 2017, 02:24 AM

9. There goes the Cali space program

Looks like Brown won't be launching their own damn satellites.

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Response to AmandaCMatthews (Original post)

Thu Jan 19, 2017, 08:04 AM

10. So did the fact there was an election give merit to the lets not mention the boo boo now?

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