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Dazed and Confused: Broke California faces an 8 Billion Dollar Prison Hang Over

By Jonathan Simor

I can understand the pain and shock that many Californian's felt this morning as they perused headlines in their local paper and took in the number 8 Billion, as in an 8 Billion dollar court order to pay that the state, currently in full budget crisis mode, may have to pay immediately (read Mathew Yi's reporting in the SFChron). Its like reading the fine print on your credit card website as you try to comprehend a massive change in the interest rate being charged on your huge balance. Only times millions.The state's revenues, flush during the long real estate boom, are now as dry as the creeks here at mid-summer. Even the most insulated public institutions, like the UC system, are taking a 10 percent "haircut" on their budgets. For decades now prison spending has expanded regardless of where the state was in the economic cycle...continue to full post

Full post as published by Governing Through Crime on August 14, 2008 (boomark / email).