California continues to distinguish itself as the most fiscally mismanaged state in the Union. Our cities are going bankrupt, our schools are failing, and our state continues to produce record deficits, despite a state constitution requiring a balanced budget. The credit rating of the state remains among the nation’s lowest, requiring ever more precious tax dollars just to service our bond indebtedness. Local cities and school districts throughout the state have numerous tax increase measures on the ballot that wouldn’t be necessary if not for the continued negligence of our governor and state Legislature, which has resulted in high unemployment, …