$1.9 billion error adds to California deficit projection
Source: AP
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 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 due to 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.
Read more: http://hosted.ap.org/dynamic/stories/C/CA_CALIFORNIA_BUDGET_MEDICAID_ERROR_CAOL-?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT
Joanie Baloney
(1,357 posts)That's one big fucking error!
-JB
Somewhere in CA, there is a person ready to crawl under a rock.
Crash2Parties
(6,017 posts)doc03
(35,338 posts)they want you to hear. That shortfall seems kind of insignificant when you consider they have a $167B budget and a $6.7 B rainy day fund..
Crash2Parties
(6,017 posts)C Moon
(12,213 posts)They're probably wringing their hands right now with an evil grin spreading across their faces.
Hugin
(33,148 posts)Oh, that's right... Peter "Facebook" Thiel. Looks like the Orange Riech has realized that a permanent gig is impossible without subverting CA. They've begun their misinformation campaign and the Democrats there had better get their A game going right away.
C Moon
(12,213 posts)I have a feeling if they dig deep enough they'll find GOP fingerprints in the mistake.
olddad56
(5,732 posts)C Moon
(12,213 posts)Who probably wasn't as right wing as they'd hoped. But still, their scheme worked.