Assemblyman Monning discusses state affairs at Town Hall meeting
With local unemployment hovering around 15 percent and social and educational services being cut left and right, Assemblyman Bill Monning stood in front of a crowded Town Hall meeting Thursday, April 30 and delivered the news that the hard times are not over. “The wave that has hit California that we call the Recession is rooted in the worst economic collapse since the Great Depression,” he said, “and we are still trying to find our way out of that.”
Monning went on to attribute many of the problems that California faces to the difficulties in raising revenue and passing the budget, both of which require a two-third vote in the assembly and senate (California is the only state with a two-third requirement for both passing budgets and raising revenue). This means that when the state found itself with an unforeseen deficit of 35 percent last year, (that’s $60 billion less than expected in 18 months) spending couldn’t be adjusted or revenue raised—and before you knew it California was handing out IOU’s to its employees.