CA swears it will pay us next month

cockzombie said:
YOU balance the budget

fun with budgets thanks to the LA Times

Pip said:
Missing from the tax end was the Car License fee thing that Arnie ran on getting rid of. Bringing that back needs to be the first thing done.

gdarklighter said:

While I regrettably agree it needs to be done, I wouldn't say it's the first thing. I'd start by hitting the least regressive revenue sources: oil severance tax and commercial property tax.

After that, I'd probably auction opportunities to kick Arnold in the balls while he's lying back in his jacuzzi with a stogie.

Pip said:

That's not fun. That is scary. I knew it was bad, but really that brings it home, exactly how bad.

Missing from the tax end was the Car License fee thing that Arnie ran on getting rid of. Bringing that back needs to be the first thing done.

s5 said:

Well that was easy. I raised every tax and borrowed against next year's revenues. DONE!

You could do it without borrowing by adding yet another tax bracket above the 11% bracket. And by bringing back the car tax.

s5 said:

Well that was easy. I raised every tax and borrowed against next year's revenues. DONE!

You could do it without borrowing by adding yet another tax bracket above the 11% bracket. And by bringing back the car tax.

FearTheReaper said:

Already been done. They did it a couple of months ago. Only ended up costing us 30 billion or so. Super good idea.

Gov. Arnold Schwarzenegger and legislative leaders announced today that they have reached a deal to close California's $26.3-billion deficit and begin paying all of the state's bills again.

The agreement does not include any broad-based tax increases, they said, and relies largely on deep cuts in government services to wipe out the deficit.

n addition, tens of thousands of seniors and children would lose access to healthcare, local governments would sacrifice billions of dollars in state assistance this year and large numbers of state prisoners would have their sentences scaled back. Welfare checks would go to fewer residents, state workers would be forced to continue to take unpaid days off and new drilling for oil would be permitted off the Santa Barbara coast.

FearTheReaper said:
Well, it's over.

This will, of course, bite them in the ass.

I look forward to being robbed! Thank God I'm not paying for them taxes!

FearTheReaper said:
Well, it's over.

This will, of course, bite them in the ass.

I look forward to being robbed! Thank God I'm not paying for them taxes!

arbutus said:
The whole thing is fucking disgusting. The compromises in this budget do nothing to fix the systemic problems in our state and maintain most of the deep cuts to the K-12 and Community College system that were rashly proposed in earlier committees and also rely heavily and depleting county coffers and deploying accounting technicalities that will push billions of dollars of government debt on to next year's budget.

Great job assholes.

Tentative Budget Deal

s5 said:

LET THEM COME!

The Los Angeles County Board of Supervisors voted to sue state lawmakers if they pursue plans to seize local redevelopment and highway taxes to cover the state budget deficit. Other local governments are expected to take similar actions to prevent major cuts proposed in the budget deal reached last night.

This morning, Supervisors Don Knabe and Zev Yaroslavsky proposed that county counsel sue to block any effort by the state to illegally withhold gas taxes or extend redevelopment projects, effectively redirecting taxes from the county to the state.

All of the supervisors approved the proposal except Supervisor Mark Ridley-Thomas, who was absent. “You’d think they’d be making better decisions than this,” Supervisor Gloria Molina said.