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CA Controller’s June Cash Report Shows Another Surge to End 2014-15 Fiscal Year

CA Controller’s June Cash Report Shows Another Surge to End 2014-15 Fiscal Year

California ended the fiscal year with another unexpected revenue surge in June, with total General Fund receipts surpassing the Governor’s May estimates by $859.4 million, according to State Controller Betty T. Yee’s monthly report of California’s cash balance, receipts, and disbursements published today. For the second year in a row, the General Fund ended with […]

Oxnard Accountant explains the why and how of municipal debt

Oxnard Accountant explains the why and how of municipal debt

Column By Lawrence P. Stein Larry Stein, mind Accountant and former Oxnard Mayoral candidate, medications explains debt rationale, buy mechanics and some pitfalls of municipal finance,using examples from Oxnard, CA Introduction Most people understand the concept of debt- they have it. Government debt, in particular municipal debt, has some variations to consumer debt. Debt occurs when […]