[ScottWhigham]

I found myself wondering, "Is OP a US citizen? I doubt it b/c every US citizen knows how foo-bar'ed the CA government is."

Here's a fairly politically-leaning article about how they "lost" almost $1b in tax revenue (projected):

http://www.washingtontimes.com/blog/inside-politics/2012/dec...

“November’s disappointing revenues stand in stark contrast to recent news that California is leading the nation in job growth, has significantly improved its cash liquidity to pay bills, and even long-distressed home values are starting to inch upward,” Mr. Chiang said in a statement. “This serves as a sobering reminder that, while the economy is expanding, it is doing so at a slow and uneven pace that will require the state to exercise care and discipline in how its fiscal affairs are managed in the coming year.”