Posted on 05/07/2010 12:31:55 PM PDT by SmithL
When income tax revenues fell billions of dollars short of expectations last month, modest gains in other revenues were wiped out, leaving the state running well behind, Controller John Chiang reported Friday.
"Four months of positive receipts were erased in the last 10 days of April," said Chiang. "Because a surge in revenues has not come, the governor and Legislature need to move quickly and forge the consensus needed for a balanced budget. Any delay will only limit their options and expose already struggling Californians to greater harm."
(Excerpt) Read more at sacbee.com ...
Wow. No one could have predicted tax revenues would be down.
CUT entitlements.
D’oh!!!!!!!!!!!!!!!
“California exodus turns to stampede”
High taxes drive jobs, people from one state to another
http://www.wnd.com/?pageId=56876
TRANSLATION: All of that phony, pipe-dream revenue we forecast last year in order to get our agenda through the legislature has just been revealed to be PHONY and a PIPE DREAM!! Shocking, I tell you! Shocking and of course UNEXPECTED!!!
Bet if you CA folks were drilling and fishing, sending illegals back to Mexico, getting rid of teachers (union workers) and half of the worthless government workers, you’d have enough money to LOWER TAXES.
What these clowns in Cali-fornia don’t realize and no one in Washington DC understands is that taking money out of the private sector and redistributing it is no way to encourage growth and jobs. If theres little to no incentive to start or maintain a business, who’s gonna take the risk - especially in these times?
Great job you’re doing out there, Terminator.
I know!
Let’s massively raise taxes and drive all private business out of California.
That will dramatically improve the California economy.
If they sent back the illegal families they wouldn’t need all of those teachers! Not to mention the savings in health care
and bi lingual lessons.
Too bad they can't. As a technical matter of law, they can't declare bankruptcy. Municipalities may declare bankruptcy (and some have), but states may not.
Well in Obamas America this is good news afterall everything is backwards
Down is now Up
Bad is Good
5.9% unemployment bad (Bush)
9.9% unemployemnt good (Obama)
I guess I added to this problem. I was so accurate in my tax witholding that I actually got a $3.54 tax refund this year.
The “tax payers” left...
I’m thinking of leaving California and moving to the United States of America.
Not to mention more jobs in construction and other areas opening up.
Did you get a check or an IOU?
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