Roger C. Wren

Progress(?) on the California Budget

About 35 or 40 years ago when I was in the Navy the federal government did that with military pay during a financial crisis. The military before then got paid on the 15th and 30th of every month. At the time the fiscal year ended on 30 June. That year the 30 June paycheck was issued on 1 July, meaning in the ending fiscal year only 23 bi-monthly paychecks were issued for the military. Ever since the military pays on the first and the 15th.

But the budget deficit in the target year did not look as bad as it really was.