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California leaders say time for cuts may be ending
San Francisco Chronicle ^ | 12/18/11 | Wyatt Buchanan, Chronicle Sacramento Bureau

Posted on 12/18/2011 7:36:27 AM PST by SmithL

California's dark days of budget deficits and severe spending cuts may be nearing an end.

Since the economic collapse in 2008, state leaders have seen a steep drop in tax revenue that had them jostling to keep public services intact in schools, universities, prisons and aid to the poor, disabled and sick. General fund spending has dropped by $17 billion since 2007 - from a high of nearly $103 billion - and the cuts continued as recently as last week when Gov. Jerry Brown announced another $1 billion reduction to programs serving California's 37.5 million residents.

And the Democratic governor warned the bad news wasn't over: Next month he'll unveil a budget proposal with yet more spending cuts.

But the state may be hearing the final drumbeats of this bad news. The ongoing deficit continues to shrink: At its worst it was $42 billion in 2009. Now it's projected to be $13 billion through the next fiscal year. A combination of more cuts in coming months along with Brown's proposal to ask voters to raise tax revenue next November could lift the state out of the red in the next 12 months, lawmakers and budget analysts say.

"I think that the governor and the Legislature - and the voters - have real opportunities this year to bring the budget as close to balance as we've had in over a decade," said Jason Sisney, deputy legislative analyst of state and local finance for the Legislative Analyst's Office.

(Excerpt) Read more at sfgate.com ...


TOPICS: Extended News; Government; Politics/Elections; US: California
KEYWORDS: california; goldenstate; smokeandmirrors; taxandspend; yourtaxdollarsatwork
A few more taxes,

some more smoke & mirror budgets,

and the Golden State will be all shiny again.

1 posted on 12/18/2011 7:36:31 AM PST by SmithL
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To: SmithL

I understand this perfectly as liberals are delusional to begin with.


2 posted on 12/18/2011 7:40:15 AM PST by headstamp 2 (Time to move forward not to the center.)
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To: SmithL

Wonder if the “Education Grant” will be used for education or tossed into the general fund for union retirement.


3 posted on 12/18/2011 7:41:13 AM PST by EQAndyBuzz (To fix government, we need a rocket scientist. Oh, wait we have one!)
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To: SmithL

Just color me somewhat skeptical. With a majority of dems in the ass embly, they will not be able to control themselves. At the first sign of light in the end of the tunnel, they will resume their spending and taxing as if there is no tomorrow.

Go ahead, prove me wrong, I dare ya. Said to the ass embly and no one else.


4 posted on 12/18/2011 7:45:44 AM PST by wita
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To: SmithL
Brown's proposal to ask voters to raise tax revenue next November could lift the state out of the red in the next 12 months

You are kidding, right?

5 posted on 12/18/2011 7:48:58 AM PST by John123 (US$ - I owe you nothing. Euro - Who owes you nothing.)
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To: SmithL
California leaders say time for cuts may be ending

Read: CA Democrats know nothing they do will prevent the coming disaster they've caused.

6 posted on 12/18/2011 7:52:26 AM PST by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Caipirabob

If they raise taxes more wealthy will leave and few new ones will arrive. It is too easy for the really wealthy to be gone from CA for more than 180 days a year..and pay no tax on outside income.
They also are discounting the impact of increasing expenses of retirement and health care. Plus..they are figuring to pass a lot of prison expenses to the counties..who don’t have the money.


7 posted on 12/18/2011 7:58:51 AM PST by Oldexpat
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To: SmithL

I believe the king has more then his fair share.


8 posted on 12/18/2011 8:01:08 AM PST by edcoil (It is not over until I win.)
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To: SmithL

Next month he’ll unveil a budget proposal with yet more spending cuts.

And in other news this month teachers received a 12% pay increase.Tax money at work,union winks.


9 posted on 12/18/2011 8:01:15 AM PST by Vaduz
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To: SmithL

Tax the living daylights out of everyone while spending that money like there’s no tomorrow.


10 posted on 12/18/2011 8:04:40 AM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: SmithL

That’s just great ... Now what are you going to do to fix the $500 billion unfunded public employee pension and health care hole Jerry?


11 posted on 12/18/2011 8:07:29 AM PST by DirtyDawg (eat fruit)
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To: SmithL

Any small, temporary surplus they get will be spend 20X over.


12 posted on 12/18/2011 8:07:55 AM PST by rbg81
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To: SmithL

Tax all the airhead commies in hollywood and your problems will be over. They want to pay more


13 posted on 12/18/2011 8:24:01 AM PST by ronnie raygun (V)
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To: SmithL
Oh goody, then we can start spending more, right? Idiots.
14 posted on 12/18/2011 8:28:39 AM PST by hinckley buzzard
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To: SmithL
California is finished. The liberal cess pool of the West.
15 posted on 12/18/2011 8:29:30 AM PST by Logical me
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To: SmithL
If we tax the people "just a little tiny bit more".

So goes the popular refrain .

I reminds me of heroin addicts I have known before .

16 posted on 12/18/2011 8:52:59 AM PST by oldbrowser (They are Marxists, don't call them democrats)
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To: SmithL
Lots of fudge words here: "may be, projected, could have, would have, propose," yada yada yada.

If both more cuts and more tax revenue happen - and a poll released last week showed strong support for the governor's tax plan - "
If you're happy with the way things are, keep doing what you have been doing (voting Democrats in).

California could have no deficit and no more cuts to state programs in just one year.
And rainbows will magically appear, highlighting the unicorns leaping through the air and raining Skittles down upon the citizenry.

But a real discussion of when the cuts could stop is a new development at the Capitol that has not been heard in years.
No, the "new development" would be when the discussion on raising taxes will stop.

17 posted on 12/18/2011 8:57:37 AM PST by Oatka (This is the USA, assimilate or evaporate.)
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To: SmithL

New tax proposals:

1) $1 ticket tax on each movie ticket.
2) $1000 tax per inch of beachfront in Malibu per year.
3) Annually auction off the airwaves spectrum (aka cell phone spectrum) for TV and radio. This corporate welfare loophole must be closed immediately.
4) $500 tax per ton of newsprint.
5) 20% wealth tax on all government officials and their immediate families every year the budget is not balanced.

I’m sure there are others, but that’s it for now.


18 posted on 12/18/2011 9:04:33 AM PST by Darteaus94025
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To: SmithL

“California’s dark days of budget deficits and severe spending cuts may be nearing an end.”

Did they actually cut spending?


19 posted on 12/18/2011 9:05:13 AM PST by Brilliant
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To: EQAndyBuzz

Guess.


20 posted on 12/18/2011 9:05:27 AM PST by RobbyS
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To: Darteaus94025
"5) 20% wealth tax on all government officials and their immediate families every year the budget is not balanced."

I like this one, but would modify it a bit. Put them on straight commission.

A portion (say 30%?) of any budget surplus would be divided among the legislators that brought it about. If there is no surplus, they get nothing.

21 posted on 12/18/2011 9:50:34 AM PST by HangThemHigh (Entropy's not what it used to be.)
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To: SmithL

Address the pension issue, and maybe, just maybe we can talk, CA Assembly. Until then, pound sand.


22 posted on 12/18/2011 9:51:50 AM PST by pacpam (action=consequence and applies in all cases - friend of victory)
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To: SmithL

The term “Bravo Sierra” stands out in my mind?


23 posted on 12/18/2011 10:43:18 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: SmithL

Apparently the time for clicking your heels together and wishing it all away *is* here.


24 posted on 12/18/2011 11:05:04 AM PST by denydenydeny (The more a system is all about equality in theory the more it's an aristocracy in practice.)
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To: Darteaus94025

3) Annually auction off the airwaves spectrum (aka cell phone spectrum) for TV and radio. This corporate welfare loophole must be closed immediately.


Curious what you mean here.

Not sure what auctioning off cell phone spectrum for TV and Radio would accomplish. You can’t really swap them around.

And I assume you realize that increased bandwith cost would just be passed on to the consumer, US.

There is no such thing as a corporate tax. Individual taxpayers pay everything eventually.


25 posted on 12/18/2011 12:16:58 PM PST by chaosagent (Remember, no matter how you slice it, forbidden fruit still tastes the sweetest!)
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To: SmithL

The cuts are just beginning. California has no choice but to cut for the next few years.

I love the quote stating that at it’s worst, the budget deficit was $49 billion. Funny how the MSM hid that fact from us. I live in California, and I NEVER saw a reported budget shortfall over $23 billion or so. What a crock. The MSM lies, lies, lies and the ignorant masses of California suck on that teat for life.

California is completely screwed as is anybody who stays here who works and pays taxes.

The cuts are just beginning, this latest lie by the MSM not withstanding. The SF Comical is the worst of the lot of liberal fishwrap California has to offer. What a complete embarrassment of a newspaper.


26 posted on 12/18/2011 12:17:45 PM PST by Freedom_Is_Not_Free (We be fooked.)
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To: Oldexpat
If they raise taxes more wealthy will leave and few new ones will arrive.

And their liberals will flood to Arizona so they can destroy our state. Lord knows that toad Napolitano tried. It took this long to get the budget under control after she escaped the state to destroy the nation as a whole.

27 posted on 12/18/2011 12:38:32 PM PST by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: SmithL

Because the next step is collapse.


28 posted on 12/18/2011 3:12:48 PM PST by TASMANIANRED (We kneel to no prince but the Prince of Peace)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks SmithL.
...state leaders have seen a steep drop in tax revenue that had them jostling to keep public services intact in schools, universities, prisons and aid to the poor, disabled and sick. General fund spending has dropped by $17 billion since 2007...
Here's my idea for a ballot proposal for California -- the governor, L.G., and all members of the state legislature would be executed without trial if they served during any year that the state gov't budget was in deficit.


29 posted on 12/18/2011 4:12:06 PM PST by SunkenCiv (Merry Christmas, Happy New Year! May 2013 be even Happier!)
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To: chaosagent

Sorry; meant to type “ala” not “aka”.

Have those liberal institutions known as the “Main Stream Media” attempt to pass on their increased costs to their advertisers. This makes the MSM less competitive vis-a-vie the alternative media.


30 posted on 12/18/2011 4:53:52 PM PST by Darteaus94025
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