In Our Opinion: California must prioritize ...Middle East

California’s projected one-time revenue windfall of $21 billion might offer many opportunities for the state government, says legislative analyst Gabriel Petek, but the state must be cautious, especially as the burden of the recession falls on the poorest among us. Sacramento would be wise to heed the advice of Petek and take a more restrained approach to news of a windfall. Writing in the periodic “Fiscal Perspectives” available on the website of the nonpartisan Legislative Analyst’s Office (lao.ca.gov), Petek makes clear that the situation is best understood as a windfall of revenue, not a surplus, as the LAO projects “revenues will be below expenditures” in the coming years. Long-term, th

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