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Category Archives: California
Did the Governator Go to Mars?
Earlier this week Governor Schwarzenegger told an audience in Silicon Valley, “There’s a good shot that we will have a budget in the next two to three weeks.” The Democrats are proposing an increase in the income tax (and a … Continue reading
It’s Spending, Not Revenues, That’s the Problem in California
The results for California’s first month of the new fiscal year (July, for 2010-2011) are in, and they’re not pretty. “California still lacks a 2010-11 state budget but its deficit is already widening as revenue falls below official forecasts and … Continue reading
Posted in California
Tagged 2010CalBudget
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No Budget in California Budget Situation
I return home from my vacation and it’s as if I’ve never left. There’s no progress in the California budget situation. There have been no talks, and there’s nothing scheduled. The Democrats did unveil a new budget plan last week. … Continue reading
Furloughs Return to California; Are IOUs (Registered Warrants) Coming in September?
Governor Schwarzenegger announced yesterday that he has reimposed mandatory furloughs on state workers. Beginning in August there will be three furlough days a month for most state employees. These days are without pay and are a means of helping to … Continue reading
Posted in California
Tagged 2010CalBudget
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As the Budget Churns (2010 Edition)
California’s constitution required a budget be enacted by June 30th. Californians ought to ask June 30th of what year as there are no negotiations in Sacramento right now. Meanwhile, there was some news from Governor Schwarzenegger. He told reporters today, … Continue reading
California Heading to the Abyss
Usually, the Democrats and the Republicans in the California legislature at least realize the problems that exist with the budget. In past years, the Democrats will propose raising all sorts of taxes knowing they’ll only get a little of what … Continue reading
Sales Tax Collections Drop $4.7 Billion in California
Well, that’s the amount that California sales tax collections dropped in the 2008-2009 fiscal year according to the Board of Equalization. Readers of Taxable Talk already know that income tax collections have fallen, so this unsurprising news is a double … Continue reading
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Election Day
Today is primary election day in California, Nevada, and Arkansas. While Californians don’t have many tax-related propositions to vote on today, there are numerous individuals running for office in the primary: Every state Assemblyman, half of the State Senate, one … Continue reading
Posted in California
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Pop, Pop, Fizz, Fizz; Oh What a Relief It Isn’t!
Only in California would Democrats in the Legislature get the “brilliant” idea of borrowing money from the deposits consumers make on plastic and glass soda bottles to balance the budget. The Democrats also want to increase oil taxes. Of course, … Continue reading
Posted in California
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AB32 (California Cap & Trade) Is a Job Killer
That’s not me talking (well, it is too); rather, it’s the non-partisan California Legislative Analyst that has called it that. The Wall Street Journal reports on the LAO’s study of the measure, noting: “California’s economy at large will likely be … Continue reading
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