Mark Petracca, political science professor at UC Irvine, is skeptical of the whole exercise. “Our inclination is to view a ‘deficit’ as a bad … and a ‘surplus’ as good,” Petracca said. “But why should any city have a surplus, beyond what might be appropriate and necessary as part of a ‘rainy day’ fund? So, some residents in Irvine, Stockton, and Fresno might appropriately want to know … when they’ll be receiving their municipal refund check.”

For the full story, please visit https://www.ocregister.com/2018/01/23/ca-city-finances-many-are-broke-and-not-telling-you-about-it/.

 

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