Yet the state has more debt than any other - about $80 billion bucks in unfunded pensions. And the current budget is in the red by $1.6 billion.
The solution? Despite sporting the highest personal tax rates of 13.3% and the 6th highest corporate tax rate of 8.8% Jerry 'Moonbeam' Brown wants to spike gas taxes 42% and annual vehicle registration fees 141%!
Seems the California Public Employees Pension Fund (CALPERS) is going broke and Brown needs the money to prop-up over-paid civil servants.
California folks, need we say more? How about: High-Speed Rail Now Over Budget, Behind Schedule.
