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Credit ratings for state debt from S&P Global as of May 2021: ... List of general obligation bond rankings. State S&P Global [1 ... California: AA- Aa2 [2] AA March 1 ...
In contrast, formulary apportionment attributes a portion of a multinational's total worldwide profit (or loss) to each jurisdiction, based on factors such as the proportion of sales, assets or payroll in that jurisdiction. [1] When applied to a corporate group, formulary apportionment requires combined reporting of the group's
This is a list of U.S. state government budgets as enacted by each state's legislature. A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts).
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
The California Little Hoover Commission (LHC), officially the Milton Marks "Little Hoover" Commission on California State Government Organization and Economy, [1] is an independent California state oversight agency modeled after the Hoover Commission and created in 1962, that investigates state government operations and promotes efficiency, economy and improved service through reports ...
California has just 72 percent of the assets needed to make payments to retired public workers, many of whom get to collect six-figure annual payments.
Facing $20B debt and $2B yearly shortfalls, California’s unemployment system needs an overhaul concludes a new state report. ... To deal with the massive federal loan, the report suggests ...
“Two decades of Republican tax cuts have exploded our national debt,” Ranking member Rep. Brendan Boyle, D-Pa., said. “We are missing 10 trillion dollars in revenue cumulatively just because ...