Moneymoneycaliforniastupidity

Wed Jan 18, 2017, 10:44 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 2017 OP
Da Mannn Jan 2017 #1
Nephrite Jan 2017 #2
foia Jan 2017 #4
Nephrite Jan 2017 #6
Time Jan 2017 #3
Butchie_T Jan 2017 #5
DoDaMan Jan 2017 #7
shortviking Jan 2017 #8
Qukid Jan 2017 #9
DDKick Jan 2017 #10

Response to AmandaCMatthews (Original post)

Wed Jan 18, 2017, 10:50 PM

1. why they will never secede

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Response to AmandaCMatthews (Original post)

Wed Jan 18, 2017, 10:50 PM

2. So That's Where

the Arthur Andersen boys wound up, in Cal Gov!

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Response to Nephrite (Reply #2)

Wed Jan 18, 2017, 11:00 PM

4. AA was very good at math

Just bad at keeping it hidden.

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Response to foia (Reply #4)

Wed Jan 18, 2017, 11:15 PM

6. Good Point



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Response to AmandaCMatthews (Original post)

Wed Jan 18, 2017, 10:54 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)

Wed Jan 18, 2017, 11:12 PM

5. Two words....

Common Core.

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Response to Time (Reply #3)

Thu Jan 19, 2017, 12:12 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, 12:40 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, 01:24 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, 07:04 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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