Tweet
Next year Sacramento politicians will openly cry.
"Several pieces of this year's budget are being challenged in court. Rulings by judges could force some program cuts to be restored, thus adding to the red ink.
Also, there are two temporary sources of revenue that expire next year: 1) The temporary tax increases approved by the legislature and Gov. Schwarzenegger in early 2009. 2) Federal stimulus funds that temporarily boosted the state budget on multiple fronts."
We start with a $25.4 billion deficit.
The over $10 billion in lawsuits that Arnold has lost, will become due--and there is no money to pay. Thanks to AB 32 and Arnold high taxes, California is in a Depression--and they stop next year--another $8-9 billion loss of revenues.
Jerry Brown has a massive challenge and the people of California will have to watch carefully--otherwise they will lose everything they have left.
More...
"Several pieces of this year's budget are being challenged in court. Rulings by judges could force some program cuts to be restored, thus adding to the red ink.
Also, there are two temporary sources of revenue that expire next year: 1) The temporary tax increases approved by the legislature and Gov. Schwarzenegger in early 2009. 2) Federal stimulus funds that temporarily boosted the state budget on multiple fronts."
We start with a $25.4 billion deficit.
The over $10 billion in lawsuits that Arnold has lost, will become due--and there is no money to pay. Thanks to AB 32 and Arnold high taxes, California is in a Depression--and they stop next year--another $8-9 billion loss of revenues.
Jerry Brown has a massive challenge and the people of California will have to watch carefully--otherwise they will lose everything they have left.
More...