Posted on 06/06/2020 8:45:18 AM PDT by E. Pluribus Unum
The future of many climate change and renewable energy projects across the United States is in serious doubt as states slash budgets due to the fallout from the CCP virus crisis.
With fiscal black holes looming and taxation and other income having been decimated, state governors look set to cut back where they can to ensure the provision of essential services. Rebates for EVs and funding for renewables such as wind and solar are at the top of the chopping list.<
A prime example is California. Gov. Gavin Newsom faces a $54 billion budget shortfall due to the CCP (Chinese Communist Party) virus, also known as the novel coronavirus. His recent budgetary amendments were singled out for criticism by the California Sierra Club for “cutting and shifting funds away from key environmental programs.”
According to the International Energy Agency’s (IEA) recent World Energy Investment 2020 report, the global economy is currently facing “the largest decline in global energy investment in history.”
“At the start of 2020, global energy investment was on track for its largest annual rise in six years,” according to the report. “But after the COVID-19 crisis brought large swathes of the world economy to a standstill in a matter of months, investment is now expected to plummet by 20 percent, or almost $400 billion, compared with last year.”
(Excerpt) Read more at theepochtimes.com ...
Finally, a silver lining!
Meanwhile the rats are determined to ban fracking. Joe has pledged to do just that.
propped up subsidized artificial inflated market
What about all the tourist revenues from outsiders visiting California to rape and pillage our cities, our homes and our lives. Won’t that fill the shortfall? No! When then cut away. How about freebies to illegals? Oh that’s right your support all criminals in their desire to destroy California.
We just bought a new home in Marion Illinois...
Then Covid hits and the world goes nuts.
Property taxes there are frightening but we figured since we got such a deal we could figure the taxes were sort of paid by the last owner....would take many years to get to point where the purchase price + the taxes finally equaled the real value of the home. Taxes last year were 2700.00
Another reason we bought the house is that in Illinois those past 65 pay no state income tax. So we were going to empty the market account, pay the fed tax and avoid the state tax...then put a good bit into physical precious metals.
Now we fear that the over 65 provision will be ended and also the property taxes will double (or worse) they come due in July in IL...
So we need to make a quick decision to just sell the new house we have already put much work into and buy a house we just found in Panama City Florida that we like..no state tax in Fl and the taxes are just 2620.00/yr on a MUCH better home... costly though at 340,0000.00 but is in gated community with enclosed pool in back connected to house...nice. Just a 50/mo HOA fee. Prop tax may go up a bit in FL due to Covid shortfalls but at least the state is not run by crazy people.
Lot of cash for folk like us to put in a home but at least we won’t need a mortgage and it is better than just holding onto that much fiat currency.
I’m just too tired to go through all this right now, I wish I had a member of the CCP at hand so I could kick his ass.
I’m too tired to even think about all this now.
https://www.zillow.com/homedetails/2810-Hawks-Landing-Blvd-Panama-City-FL-32405/87637778_zpid/
How dare you!
I wish my taxes were $2700. Try times 4.
does not look good for my dtr who works in the solar industry.....her husband has already been laid off due to Falsi and the rats.....
You’ll need to go back to work
Millions of welfare recipients are depending on you.
Good Gawd!
It would just kill me to write a 10,000.00+ prop tax check each year.
That’s just one house. Our total property taxes are north of $22,000 and we ain’t rich, trust me. If you knew our gross income it would blow your mind. Our saving grace is we own everything and I mean everything outright.
22.000 yikes.
Luckily we also own everything outright.
I’d hate to have a huge mortgage :-/
Due to property taxes you share ownership with the local government.
In Illinois your taxes you pay in 2020 are for year 2019. They can’t rise unexpectedly like that for your July bill. The year is half over so I doubt the taxes for 2021 will be much different. Besides they have rules about how much they can increase from year to year.
Finally the state and local govts here in Illinois have been pandering to the elderly my whole life. The senior citizen freeze on property taxes is one of those panders. Things would have to be grim as hell to do away with the handout to the elderly. And yes I say handout because when you look at the concentration of wealth in America, the older you get the larger share of wealth Americans by age group gets. It stands to reason as the elderly have their whole life to have accumulated wealth whereas the young have not been working long and often have large expenses like buying their first home, furnishing it and raising kids. And these young folks are paying over 15% in social security/medicare taxes on top of their local real estate taxes. They are paying into a system that is set to to go broke in the next 10 to 15 years. Sounds like a huge scam on the young if you ask me.
Nope. they own our asses outright. Miss 2 tax payments, the sheriff comes to your house and has you leave at the barrel of a gun.
Hahaha! I believe I will go out this afternoon and burn a couple old tractor tires in celebration.
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