And now, the final debate of the 2011 budget saga: was the $2 billion trigger cut provision a fiscal insurance policy, a risky bet for millions who depend on targeted services, or simply a political necessity in a very polarized statehouse?
As we discuss in this week's Capital Notes Podcast, the answer is hard to glean so far -- in part, because no one's quite sure how much of the trigger will be pulled. Yes, even if it will be pulled.
Anthony York of the Los Angeles Times and I take a quick look at the details of -- and reaction to -- this week's important revenue forecast. We also discuss the politics of additional cuts, and what Governor Jerry Brown's own team might offer in its revenue projection due next month.