Posted on 05/11/2015 6:15:56 AM PDT by artichokegrower
With California’s growing cap-and-trade program expected to yield a budgetary bonanza, lawmakers and interest groups have ample ideas for how to spend the money. Floating proposals ahead of a pivotal period for budget negotiations, they say they want to fund port improvements, pay for heavy-duty trucks and ferries, nurture urban rivers, sponge up carbon in soil and provide discounted bus passes.
They are vying for a surge in new revenue that will be available this budget cycle and could continue pouring in for years to come.
(Excerpt) Read more at sacbee.com ...
They are vying for a surge in new revenue that will be available this budget cycle and could continue pouring in for years to come.
Cutting taxes is never an option. Shoring up the state's failing pension fund is never considered.
California is a totally dysfunctional state.
BTTT!
“With California’s growing cap-and-trade program...”
...more and more businesses will be driven out of the state. The money currently burning a hole in the politician’s pockets may not be there when it’s time to write those pet project checks.
Extortion pays big.
Perhaps they could build some more water storage facilities.
Another Ponzi scheme will surely save CA.
They have to get the voters to approve that.
And they did, last Nov 2014, $7.5 billion in Prop 1.
Some of that money was for storage projects such as Sites Reservoir, Temperance Flat Dam and raising Shasta Dam.
Prop 1 actually began in 2009 when the lege worked up an $11 billion bond offering, but they didn't put it on the ballot in 2010 because there wasn't enough votes to pass it. In 2012 there still was not enough vote so it was not on the ballot.
So in 2014 the $11 billion was reduced to $7.5 billion, put on the ballot, and it passed.
In 2010, the drought was young, and the voters scoffed at these expensive water projects. But by 2014, the drought was worse, and these projects seemed more reasonable.
There will be a carbon equivalent of Emron.
Ferries? Urban rivers?
This is a river of money we're talking about not rivers of water.
What a perfect metaphor, though. Sacramento is a huge reservoir of money that has been diverted from its people's pockets.
“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle” Winston Churchill
Amen.
A common failing with all these idiots is that they extrapolate in a straight line upward. Remember the $5-a-gallon tax? The proponents were taking existing mileage and multiplying that figure times $5 and predicting millions of extra income, never taking into account that people will react.
Same here - some generators of that tax move elsewhere and the prediction falls flat - after the pols have committed the state to years of spending based on their bogus numbers.
Gas is back up to 4 bucks a gallon again here in commie land. I was in Texas over the weekend and it was 2.49. Man I hate living in commifornica!!!!
but cap-and-trade tax is to fight Global Warming ,LOL ,just another Tax scam
California is just Cook County west only we have more crooks.
A tax on the means of production, for with out energy there can be no production in the modern world.
Make energy expensive and the capitalist economy will grind to halt.
Yuma, AZ gets its gas from San Diego, Yuma $2.59 San Diego almost a buck more.
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