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State Fund Assets Origin Value (in billions) As of Ref. 1 Alaska: Alaska Permanent Fund: 74.455 December 2022 [3] Petroleum: 2 Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6 ...
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
Bentley Bentayga Hybrid. A plug-in hybrid model was revealed at the 2018 Geneva Motor Show and went on sale in the UK, Europe, and North America in October 2019. It combines a 3.0 L V6 turbo petrol engine and an electric motor, for a system output of 449 PS (330 kW; 443 hp) and 700 N⋅m (516 lbf⋅ft) of torque.
Analysts said California could have used some of the $43.5 billion the state received in American Rescue Plan Act money to pay down the debt. Instead, state officials spent the relief money for ...
The state’s 35,000+ vehicles include everything from golf carts and sedans to big rigs and school buses. How electric is California’s government vehicle fleet? See how many Teslas the state owns
The speaker of the California State Assembly presides over the State Assembly. The lieutenant governor is the ex officio president of the Senate and may break a tied vote, and the president pro tempore of the California State Senate is elected by the majority party caucus. The Legislature meets in the California State Capitol in Sacramento.
The state's ability to tax and collect revenue is not unlimited; residents can simply move away if the tax is too high. [11] Lenders are therefore reluctant to lend when they believe that the state will be unable to pay back its debt, [7] thereby prohibiting valuable state projects that require borrowing funds.
The California Little Hoover Commission (LHC), officially the Milton Marks "Little Hoover" Commission on California State Government Organization and Economy, [1] is an independent California state oversight agency modeled after the Hoover Commission and created in 1962, that investigates state government operations and promotes efficiency, economy and improved service through reports ...