California's Budget - NYTimes.com "California Debt Higher Than Earlier Estimates, a Task Force Reports" (news article, Sept. 21), about the state's budget survey, suggests that California has provided an incomplete picture of its fiscal obligations. In fact, Gov. Jerry Brown has given Californians a comprehensive accounting of the state's short-term and long-term outlook. For the first time, the governor fully accounted for the state's total budgetary borrowing - the "wall of debt" - that is on a path to be cut down to under $9 billion from more than $34 billion in just four years. And just this month, he signed into law a bipartisan pension reform package estimated to save up to $55 billion over the next 30 years - an action that Moody's Investors Service called "credit positive for both the state and local governments." Governor Brown has put California on a path toward fiscal stability and balance - in the short term and for the long haul. ANA J. MATOSANTOS Director, California Dept. of Finance Sacramento, Sept.