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DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » California Faces a New Qu... » Reply #8

Response to UCmeNdc (Original post)

Sun May 26, 2013, 05:38 PM

8. They need to determine how much is needed for their rainy day.

Considering the size of California is that surplus a lot? They should not just say because it is a huge amount that it is too much. Rather they should consider what the amount would be per citizen and then compare with any states that might have operated good budgets.

For example financial advisers suggest that families should have anywhere from 3 to 6 months living expenses in the bank in case of emergency.

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