November 19 | Capitol Weekly

By John Howard

Months before California voters approved new taxes in the Nov. 6 election, accounting practices in the state budget were changed – changes that ultimately could make it much harder to define just how much money the state has taken in or is likely to get...

...“In recent years, the state has altered its accrual policies,” the Legislative Analyst wrote on California’s 2013-14 fiscal outlook. “Some of the changes have a theoretical basis in accounting principles, but their effect has been to move more revenue collected in one fiscal year to a prior fiscal year (thereby helping to balance the state budget).” The shifts also affect the way schools are funded under Proposition 98, the guarantee that voters approved nearly 25 years ago.

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