Category Archives: California

I appear to have returned from my vacation full of classic rock. Tonight’s selection is Kansas’ Dust in the Wind. Here’s an excerpt: [Now] Don’t hang on, nothing lasts forever but the earth and sky It slips away, and all … Continue reading →

The California budget deal will likely be voted on today or tomorrow. There are a number of tax changes in it that will impact Californians: Estimated Taxes Accelerated (Again). Under federal law, taxpayers make four equal (25%) estimated tax payments … Continue reading →

California has a budget deal. That said, the devils is always in the details and those are lacking this morning. What’s known is that local governments (counties and cities) will face a $5 billion cut, the plan includes borrowing and … Continue reading →

The Flash Report said this evening that a budget deal is done. “Lots of cuts, lots of borrowing, lots of gimmicks. But from the briefings I have had so far, the cuts are substantial, with mega-billions that are permanent.” The … Continue reading →

I read this story this morning and couldn’t believe it. Yet I’ve been assured it’s true. California’s DMV is returning a check because it was sent in too quickly from the time the notice was received! There’s another few bucks … Continue reading →

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 … Continue reading →

News reports indicate that some progress has been made on the California budget meltdown. That said, the headline notes that “the thorniest issues remain.” Meanwhile, the liberal Los Angeles Times continues with its attacks on Proposition 13. It’s just not … Continue reading →

Or perhaps this should be titled, no news isn’t good news. First, income tax collections were $1 billion under projections in June. That shouldn’t be a surprise to anyone; when people aren’t making as much money they don’t pay as … Continue reading →

I’ve been saying for some time that California has a bad business climate. The current budget battle is only making things worse. I’m not the only one whose come to this conclusion. The California Manufacturing and Technology Association (via The … Continue reading →