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Message Subject 10,000 teachers given pink slips in California!
Poster Handle RHSC
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Just heard on KFBK 1530 AM radio today at around 3pm in Sacramento, CA, that 10,000 teachers were given their "pink slips" in the mail! Budget cuts have forced the Governator to begin making cuts in staffing for schools. Because of housing slump the revenues expected didn't materialize. CA state government is bankrupt! Some cities in CA are bankrupt as well! Just getting better and better isn't it?
 Quoting: Anonymous Coward 393208


Somebody needs to pull up CA's 2006-07 Comprehensive Annual Financial Report (CAFR) as soon as it is released.

Here's the 2006, which is the most recent that's been published (to date), and they weren't broke:
[link to www.sco.ca.gov]
(pdf)
"...California continued to benefit from strong tax revenue and moderate economic growth in the 2005-06 fiscal year. The State's fiscal year closed with $96.2 billion from its major tax revenues and a General Fund balance of $2.7 billion, significantly up from $185 million balance at the end of the 2004-05 fiscal year. ..."
 
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