The State of California’s budget has tens of billions of accounting mistakes according to an audit by the Bureau of State Audits. These mistakes have added up to almost $31 billion in discrepancies. That is higher than the GDP of Iceland and Jamaica combined. With such glaring errors in their budget, it is no wonder that California remains fiscally unstable.
“Sacramento State accounting professor John Corless agrees with auditors saying those glaring mistakes should have been caught by somebody. ‘Someone’s not using their equipment right, and they’re not using their heads,’ he said.”
