Get ready for the biggest budget crunch in 12 years

As of the end of last year, California’s budgetary rainy day fund amounted to about $20 billion. That sounds like a lot, and the last two governors both put more cash than legally required into the fund.
Now the rainy day has arrived. Skies are dark, figurative rain clouds loom over the Sierra Nevada and other mountain ranges. It’s almost time to tap into the rainy day fund. But it would be unwise to take all the money at once, just as no family should exhaust all its savings in one