Walter Burien California vs Texas

ARTICLE ARCHIVED AT - http://CAFR1.com/ASmeetSC.html

Gov Schwarzenegger should have a long talk with the Texas State Comptroller Susan Combs


MEET
Texas State Government even though faced with the same economy as everyone else appears to be in a very good cash position; their investment fund balances increase each year; and they increased their budget overall.

If Forbes Magazine instead of doing the top 100 wealthiest individuals or companies did "The Top 100 Wealthiest Local State Governments", Texas would be right up there at the top. Hey, they can do the same for the top 100 wealthiest Cities; Counties; and School Districts also.

Ever wonder why Forbes nor other syndicated national publications have never mention a word per qualifying these top lists? Oh, I forgot, they only want to talk about government debt at the front door to justify further tax increases and whisper at the back door to secure their share of the massive wealth involved. Silence is truly golden!

I wonder if a true audit was conducted of "all" Local CA government funds where CA, its Cities, and Counties would appear on that list of the most wealthiest based on "funds held" 1st, 2nd, 3rd???

The following two reports are for just State Government Inc., and not the many other local governments in TX, but as you will see TX State Government Inc. is rather cash rich and growing in spite of a weakened US economy.


Again, Gov Schwarzenegger you should have a long talk with the Texas state Comptroller Susan Combs for her suggestions on improving California's situation without tax increases.

2008 - http://CAFR1.com/STATES/TEXAS/TexasStateCashReport2008.pdf

2009 - http://CAFR1.com/STATES/TEXAS/TexasStateCashReport2009.pdf

To view the individual general purpose and specialty investment funds just on the state level, for 2008 starting with Page 118 to Page 350 and in the 2009 report starts at Page 117 to Page 355

People from Texas should copy and share this report with all of their neighbors! Then look up your City, School District, and County report to see what they are sitting on also. People from CA should do the same and show their neighbors how things are done in TX.


Sent FYI from,

Walter Burien - CAFR1