Rumors are flying that a vote will occur this week on a new California budget that contains no new taxes. Of course, until the proposal is read no one knows what “user fees” and other disguised tax increases are within the budget.
The Flash Report indicated that there’s lots of borrowing from local governments…who will be forced to increase taxes or cut services. Local governments are already suing the state over this taking.
I’ll keep you informed if and when there’s a budget.