Davis pitches some proposals to cut deeper into budget

Sac Bee ^ | 6/19/02 | Sacramento (AP)

[NormsRevenge]

SACRAMENTO (AP) - Gov. Gray Davis has proposed a handful of new measures, including suspending an array of state tax credits, to help budget writers fill a $23.6 billion budget hole and boost reserves.

Davis budget adviser Betty Yee told a legislative committee Tuesday that he supports requiring employees to withhold taxes on stock options and bonuses from their paychecks, rather than paying a lump sum at the end of the year. That would help boost the state treasury throughout the year and speed up $400 million in revenues, Yee said.

[NormsRevenge]

Now, after two full weeks of meetings, the Conference Committee on the Budget must come up with about $5.4 billion, which includes deciding whether to accept roughly $3.5 billion in car and cigarette tax increases proposed by Davis last month.

Davi$ Just Wants to Get A LIL Help From His Friends ... LOL
DUMP DAVI$ & the Den of Socialists



GO SIMON

[Libertarianize the GOP]

fyi

[Libertarianize the GOP]

fyi

[MonroeDNA]

As much as I want Simon to win, it does seem that Davis will so implode if he wins that the entire state will set hollywood afloat.

And take so much with them.

"Whenever seeing a man hel! bent on making an a$$ out of himself, sometimes it is best to step aside and let in happen."

--Somebody

[daviddennis]

I'm a little confused here; work with me for a minute.

The budget deficit is $23.6 billion. How did that become only $5.4bln the legislature has to come up with? Where'd the other $18 billion come from?

D

[Ernest_at_the_Beach]

Thanks for the ping!

calgov2002:

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[Myrddin]

36. Tactics. Overcoming others by letting them defeat themselves. Let your enemy expand and be puffed up, and his collapse will be imminent. In martial arts, use the aggressive imbalanced attacks of your enemies against themselves. Let them perish of their own extreme action, self-seeking, etc. Give your opponent room to fail. -- paraphrased from Lao-Tzu

Another variation: Don't interfere with your enemy while he is in the process of defeating himself. -- possibly attributed to Napoleon

[golder]

You forget, my friend, next year we'll be rich again. By using every accounting gimmick, the bills still come due next year. As
bazaar as it sounds, are we, California, going broke? I'm just a simple pay-as-you-go guy. This thing is out of control. I believe,
with all of my heart, Gov. Davis doesn't have a clue. I read on another forum, most honorable men would opt for a self induced
trip to his maker.

[goldstategop]

The Governor can't claim in the fall he made the trains run on time this year.

[PeaceBeWithYou]

The budget deficit is $23.6 billion. How did that become only $5.4bln the legislature has to come up with? Where'd the other $18 billion come from?

I would bet that someone's or lots of someones pension funds got robbed, is counting on some magical revenue increase, or that he is counting on lawsuit money, or all of the above.

I wonder if Gray has noticed that his campain is on fire?

[PeaceBeWithYou]

Yet another is: If your enemy's house is on fire, add gasoline and roast marsh-mellows in the flames.

[NormsRevenge]

Hey, Beats Me .. I just post this crap. It don;t mean I understand any of what goes on when bUlls Mate .. Would proceeds of bonds yet to be sold get included? I don't know. We don't really have Open Govt but Come July 1st , Things had better be budgeted or this state could shut down theoretically.

[Centurion2000]

Sounds like the state workers better have a comptroller check their pension and retirement trusts.

[d14truth]

Californians usually get 'stuck' buying into Gray's PITCH--

[d14truth]

Gary South and Gray Davis--
"Song of the South" and 'Tar Baby'???

[Liz]

Gov. Gray Davis has proposed a handful of new measures.......(to cut debt-ridden budget).....

Hey Gray, if you really, really care about Cali, how 'bout cutting your pay and your perks and those of your cronies? Huh?

[Liz]

Californians usually get 'stuck' buying into Gray's PITCH--

You must be a student of Alfred North Whitehead......