California has more money than projected after admin miscalculated state budget

Article

• California’s Newsom admin miscalculated pension payment timing, inflating projected deficit
• Projected $2.9B shortfall now expected to be significantly smaller
• Officials reframe it as a methodology revision, not an error

Discussion

• Commenters note the headline is misleading: CA is less in deficit, not in surplus
• Criticism that error of this magnitude should have political consequences
• Parallel: German state miscounted active teachers for 20 years due to software bug
• Skeptics point out state still structurally overspends; up to $18B deficit remains possible

Discuss on HN