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California Budget
Message
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22/08/2008 13:16:27
 
 
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Forum:
Politics
Category:
Other
Title:
California Budget
Miscellaneous
Thread ID:
01341181
Message ID:
01341181
Views:
14
Here we go again. Facing a $15 billion deficit and 50 days past the Constitutionally mandated budget deadline the pieces are falling into place. A little birdy let me in on the following and it's now trickling into the news. The 1 cent "temporary" sales tax increase, into the general fund of course, is essentially a foregone conclusion. There appears to be an income tax increase coming, they're just haggling about what income level will be the floor. There is more borrowing, possibly from lottery money. No significant spending cuts are foreseen.

In addition there appears to be a ballot measure coming to reduce the majority to pass a budget from the currently mandated 2/3rds to 50%.

Just 315 days until the next budget deadline passes.
Just 899 days until we get a 2nd go-round with governor "Moonbeam"

The times they aren't a changin'!
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
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