The media tells us that Governor Moonbeam is a master of budgets. Any day now California will be rolling in dough thanks to his wise investments in windmills, transgender bathrooms and bullet trains.
But anyone can be off by $31 billion. When you’re spending money like there’s no tomorrow, why quibble over pennies?
An audit of California’s books by the Bureau of State Audits has uncovered errors totaling $31 billion. That’s more than the gross domestic product of Iceland and Jamaica combined.
CBS 13 reported the results of the audit Thursday. It found:
$7.7 billion – Understated federal trust fund revenues and expenditures
$653 million – Overstated general fund assets and revenues
$8 billion – Overstated California State University’s bond debt
$9.1 billion – Reporting error that understated a public building construction fund
In addition, there was one case in which a figure was reported as $6.2 billion, when it was actually $6.2 million
A million. A billion. Who can tell the difference?