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Category Archives: California
20 Days and Counting
For Californians, there’s no sign of a budget compromise. The Democrats are proposing massive tax increases; the Republicans won’t consider a penny in new taxes; and Governor Schwarzenegger wants a solution but isn’t putting any pressure on anyone. The latest: … Continue reading
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As the Budget Churns
I don’t watch soap operas on television. I should add the caveat that I don’t watch much television, period. But all Californians are going to get to watch the annual installment of As the Budget Churns. California has a statutory … Continue reading
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What Hath Proposition 13 Wrought?
Proposition 13, the initiative that limited property tax increases, is blamed by liberals as one of the root causes of California’s current budget problems. It’s not. The San Diego Union ran an editorial detailing what has happened to property tax … Continue reading
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Where did the “Prima Donna” Dock?
If you’ve ever driven from Southern California to Las Vegas, the first exit on Interstate-15 when you cross into Nevada is for Primm, site of three casinos. These casinos used to be owned by the Primm family but were sold … Continue reading
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Propositions 98 & 99
For Californians it’s again time to vote. This coming Tuesday it’s the June primary. Normally, that’s when citizens of the Golden State get to vote in the presidential primary…but not this year (the presidential primary was back in February). However, … Continue reading
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Why California Has a Budget Problem
Daniel Weintraub of the Sacramento Bee has an excellent article today on California’s budget problems, their cause, and why certain areas of the budget will likely have to be cut (and will benefit from increased funding). If you want to … Continue reading
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It’s Only $15.2 Billion…For Now
Governor Arnold Schwarzenegger announced his revised budget today. California is now looking at a $15.2 billion deficit, which the Governator is hoping to close by (a) selling bonds backed by expanding the California Lottery (raising $5 billion), (b) and cutting … Continue reading
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Is an Adult Entertainment Tax Next for California?
As California continues looking at a massive budget deficit (somewhere between $8 billion and $20 billion) some in the state legislature are looking to implement a tax on the Adult Entertainment Industry. A 25% tax on film production, strip, er, … Continue reading
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Sales Tax on Hot Chocolate
One of my favorite weekly reads is the Leonard Letter. Bill Leonard is one of the elected members of the Board of Equalization. Mr. Leonard notes, “Late last year an article entitled “Why Is Buying Hot Chocolate So Confusing?”appeared in … Continue reading
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Vallejo Bankrupt
The city of Vallejo, in Northern California, will declare bankruptcy sometime in the next few days. Why? Vallejo has a declining industrial base. That’s not a surprise—all of California has that problem. Companies that can move do (or don’t add … Continue reading
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