Tick Tick Tick Tick..
No, that’s not the lead-in to 60 Minutos.
She’s gonna blow, Cap’n.
Giddyup.
It’s really simple, Kahleefornia. CUT THE FAT!
You can no longer afford it; if you ever really could.
Why can’t I find anybody to buy my debt. Geez, I’ll give them a great deal.
May Revision Proposes Over $21 Billion In New Budget Solutions (In Billions) • Borrow to address budget deficit with RAWs $5.5 • Reduce Proposition 98 spending for K-14 education 5.3 • Borrow local property tax revenue by suspending Proposition 1A 2.0 • Increase personal income tax withholding by 10 percent 1.7 • Reduce Medi-Cal spending (various proposals) 1.1 • Replace state funding for UC and CSU with federal stimulus money 1.0 • Sell parts of State Compensation Insurance Fund 1.0 • Accelerate receipt of estimated tax payments 0.6 • Reduce In-Home Supportive Services spending (various proposals) 0.5 • Use “spillover” sales tax revenues for transit bond costs 0.3 • Reduce prison population and change sentencing laws 0.3 • Reduce SSI/SSP grants to federal minimum 0.2 • Identify additional Developmental Services savings 0.2 • Other proposed solutions 1.5 • Total $21.3
Mac Taylor Discusses the LAO’s Analysis of the 2009 May Revision
(comments to the media this morning)
http://www.lao.ca.gov/2009/webcasts/may_rev_052109/may_rev_052109.aspx
But how are California taxpayers supposed to fund embryonic stem cell and alternative fuel research and protect “endangered” species?