Posted on 08/10/2011 10:52:13 AM PDT by dragnet2
July income was $539 million lower than expected, leading many to doubt the state budget's assumption of economic recovery and a $4-billion windfall. If revenues remain low, drastic education cuts will kick in.
California's tax revenue plummeted in July, missing expectations by nearly $539 million and raising fears that deep education cuts will be needed to keep the state budget balanced.
The plunge occurred before the recent Wall Street gyrations that wiped away many of the year's stock-market gains. If the economy remains sluggish and the $4 billion does not materialize, cuts in public schools, universities, libraries, child care, and services for the elderly and frail will automatically take effect.
"Every drop in revenues puts us closer to the drastic trigger cuts that could be imposed next year," state Controller John Chiang said
In Washington on Tuesday, the Federal Reserve sharply downgraded its outlook for the American economy
California's education cuts will kick in if finance officials determine revenue to be $2 billion or more below expectations as of December. If enacted, the $1.5 billion in school reductions could shrink the academic year by as many as seven days in some districts.
(Excerpt) Read more at latimes.com ...
What a pity for the government employees.
These obese control freaks haven't seen anything yet.
They're just now figuring out the tax payers are broke and beat down by their criminally corrupt and mismanaged government?
As they lined their pockets, they couldn't see this coming?
What a bunch of lying AHs.
How many suits up in Sacramento were fired or were forced to take a 60% pay cut, while slashing their tax paid medical benefits and retirement pensions?
The only people with money are the overpaid government employees and government retirees, who are receiving tax paid lottery style government retirement pensions.
How about we tax the s**t out of their government retirement pensions? They got money!
Works for me~
Cut education to the bone?..It's what happens when these traitorous bastards attempt to force the tax payers to pay to education millions from Mexico.
I spit in their faces and hope they all go broke, with their corrupt system cartwheeling down range...
Wait till the tax revenues drop to the point where their isn't enough to pay their bloated government salaries, or the hundreds of thousands receiving government lottery style government retirement pensions.
No more money for them?
This can't happen soon enough!
for later.
Just wait till tests show no difference in student outcomes despite the "drastic cuts." The explanations will be hilarious.
Like any drug addict Kalifornia will have to hit rock bottom before they get better. I hope to God that we can keep the feds from bailing them out!
>> services for the elderly and frail
OK, I know what elderly is... but what is the official criteria that gets one declared “frail”?
Too drunk to go to work? Chronic Laziness Syndrome? WTF?
gosh, that’s a shame, isn’t it?
the state of california drives out business and invites
parasites from abroad in,
and the tax revenues fall.
Is it time to dump the $10 billion bullet train to nowhere yet?
I wouldn’t want to live there when the checks stop.
My thoughts exactly. They cut off American kids education long before trimming the fat off the illegals. I bet the Sierra Club
and all the other leftist orgs still get their share of taxpayer output.
But if we need more money, we can raise the tax rates, but if we raise the tax rates we will get less money, but if we get less money then we will need more money, but if we need more money we can raise the tax rates, but if we raise the tax rates we will get less money, but if we get less money then we will need more money, but if we need more money we can raise the tax rates,
Error.
Flaw.
Imperfection.
Must sterilize.
Plop!
(Sound of liberal head exploding.)
California tax revenue plummets in July, raising fear of trigger cuts
~~~~~~~~~~~~~~~~~~~~~~~~
They might as well write off the revenues now. This is only the beginning of the revenue shortfalls. Its gonna get way way worse.
Something tells me these “trigger cuts” are a joke...not nearly big enough cuts to amount to anything worth talking about.
And: Reduce anti-business regulation, reduce taxes, and maybe something might happen. Things are pretty far gone.
This List of State of California agencies, departments, and commissions is a partial list of the more than 500[citation needed] California state government agencies, departments, and commissions.
California Access for Infants and Mothers[1]
California Acupuncture Board[1]
California Administrative Office of the Courts
California African American Museum
California Agricultural Labor Relations Board[1]
California Air Resources Board (CARB)
California Alternative Energy and Advanced Transportation Financing Authority[1]
California Animal Health and Food Safety Services[1]
California Apprenticeship Council[1]
California Architects Board[1]
California Arts Council
California Asian Pacific Islander Legislative Caucus[1]
California Athletic Commission[1]
California Bay-Delta Authority[1]
California Biodiversity Council[1]
California Board for Geologists and Geophysicists[1]
California Board for Professional Engineers and Land Surveyors[1]
California Board of Accountancy
California Board of Barbering and Cosmetology[1]
California Board of Behavioral Sciences[1]
California Board of Chiropractic Examiners[1]
California Board of Equalization (BOE)
California Board of Guide Dogs for the Blind[1]
California Board of Occupational Therapy[1]
California Board of Optometry[1]
California Board of Pilot Commissioners (BOPC)[2]
California Building Standards Commission
California Bureau for Private Postsecondary and Vocational Education
California Bureau of Automotive Repair
California Bureau of Naturopathic Medicine
California Business, Transportation and Housing Agency
California Coastal Commission
California Coastal Conservancy
California Commission on Peace Officer Standards and Training (POST)[3]
California Conservation Corps
California Contractors State License Board
California Council on Criminal Justice
California Courts of Appeal
California Data Exchange Center[citation needed]
California Data Management Division[citation needed]
California Debt and Investment Advisory Commission[citation needed]
California Delta Protection Commission[citation needed]
California Demographic Research Unit[citation needed]
California Dental Auxiliaries[citation needed]
California Department of Aging
California Department of Alcohol and Drug Programs
California Department of Alcoholic Beverage Control
California Department of Alcoholic Beverage Control Appeals Board[citation needed]
California Department of Boating and Waterways (Cal Boating)
California Department of Child Support Services (CDCSS)[citation needed]
California Department of Community Services and Development[citation needed]
California Department of Conservation
California Department of Consumer Affairs
California Department of Corporations[citation needed]
California Department of Corrections and Rehabilitation
California Department of Developmental Services
California Department of Education
California Department of Fair Employment and Housing
California Department of Finance
California Department of Financial Institutions[citation needed]
California Department of Fish and Game
California Department of Food and Agriculture
California Department of Forestry and Fire Protection (CDF)
California Department of General Services
California Department of General Services, Office of State Publishing[citation needed]
California Department of General Services, Procurement Division[3]
California Department of General Services, Procurement Division, Office of Small Business and Disabled Veteran Business Enterprise Services[3]
California Department of Health Care Services[citation needed]
California Department of Housing and Community Development[citation needed]
California Department of Industrial Relations (DIR)[citation needed]
California Department of Industrial Relations, Office of Self Insurance Plans (SIP)[3]
California Department of Insurance
California Department of Justice
California Department of Justice Firearms Division[citation needed]
California Department of Justice Opinion Unit[citation needed]
California Department of Justice, Consumer Information, Public Inquiry Unit[citation needed]
California Department of Managed Health Care[citation needed]
California Department of Mental Health[citation needed]
California Department of Motor Vehicles (DMV)
California Department of Parks and Recreation
California Department of Personnel Administration
California Department of Pesticide Regulation
California Department of Public Health
California Department of Real Estate[citation needed]
California Department of Rehabilitation[citation needed]
California Department of Social Services
California Department of Social Services Adoptions Branch[citation needed]
California Department of Toxic Substances Control
California Department of Transportation (Caltrans)
California Department of Veterans Affairs (CalVets)[citation needed]
California Department of Water Resources
California Digital Library
California Disabled Veteran Business Enterprise Certification Program[citation needed]
California Division of Apprenticeship Standards[citation needed]
California Division of Codes and Standards[citation needed]
California Division of Communicable Disease Control[citation needed]
California Division of Engineering[citation needed]
California Division of Environmental and Occupational Disease Control[citation needed]
California Division of Gambling Control
California Division of Housing Policy Development[citation needed]
California Division of Labor Standards Enforcement[citation needed]
California Division of Labor Statistics and Research[citation needed]
California Division of Land and Right of Way[citation needed]
California Division of Land Resource Protection[citation needed]
California Division of Law Enforcement General Library[citation needed]
California Division of Measurement Standards[citation needed]
California Division of Mines and Geology[citation needed]
California Division of Occupational Safety and Health (Cal/OSHA)
California Division of Oil, Gas and Geothermal Resources[citation needed]
California Division of Planning and Local Assistance[citation needed]
California Division of Recycling[citation needed]
California Division of Safety of Dams[citation needed]
California Division of the State Architect[citation needed]
California Division of Tourism
California Division of Workers’ Compensation[citation needed]
California Division of Workers’ Compensation Medical Unit[citation needed]
California Economic Strategy Panel[citation needed]
California Education Audit Appeals Panel[citation needed]
California Educational Facilities Authority[citation needed]
California Elections Division[citation needed]
California Electricity Oversight Board[citation needed]
California Emergency Management Agency
California Emergency Medical Services Authority
California Employment Development Department (EDD)
California Employment Training Panel[citation needed]
California Energy Commission
California Environmental Protection Agency (Cal/EPA)
California Export Laboratory Services[citation needed]
California Exposition and State Fair (Cal Expo)
California Fair Political Practices Commission
California Franchise Tax Board (FTB)
California Geological Survey
California Health and Human Services Agency
California High-Speed Rail Authority
California Highway Patrol (CHP)
California Horse Racing Board
California Housing Finance Agency
California Institute for Regenerative Medicine
California Integrated Waste Management Board
California Labor and Workforce Development Agency[citation needed]
California Labor Market Information Division[citation needed]
California Lands Commission[citation needed]
California Landscape Architects Technical Committee[citation needed]
California Latino Legislative Caucus[citation needed]
California Law Enforcement Branch[citation needed]
California Law Enforcement General Library[citation needed]
California Law Revision Commission
California Legislative Analyst’s Office
California Legislative Black Caucus
California Legislative Lesbian, Gay, Bisexual, and Transgender (LGBT) Caucus[citation needed]
California Library Development Services[citation needed]
California License and Revenue Branch[citation needed]
California Managed Risk Medical Insurance Board
California Maritime Academy
California Medical Assistance Commission[citation needed]
California Medical Care Services[citation needed]
California Military Department
California Mining and Geology Board[citation needed]
California Museum for History, Women, and the Arts[citation needed]
California Museum Resource Center[citation needed]
California National Guard
California Native American Heritage Commission[citation needed]
California Natural Community Conservation Planning Program[citation needed]
California Natural Resources Agency
California New Motor Vehicle Board[citation needed]
California Occupational Safety and Health Appeals Board[3]
California Occupational Safety and Health Standards Board[3]
California Office of Administrative Law (OAL)
California Office of Environmental Health Hazard Assessment
California Office of Legislative Counsel
California Office of the Attorney General
California Operations Control Office[citation needed]
California Opinion Unit[citation needed]
California Outreach and Technical Assistance Network (OTAN)[citation needed]
California Park and Recreation Commission[3]
California Physical Therapy Board (PTBC)[2]
California Physician Assistant Committee (PAC)[2]
California Plant Health and Pest Prevention Services[citation needed]
California Policy and Evaluation Division[citation needed]
California Political Reform Division[citation needed]
California Pollution Control Financing Authority[citation needed]
California Polytechnic State University, San Luis Obispo
California Postsecondary Education Commission[3]
California Primary Care and Family Health[citation needed]
California Prison Industry Authority (CALPIA)[2]
California Public Employees’ Retirement System (CalPERS)[2]
California Public Employment Relations Board (PERB)[2]
California Public Utilities Commission (PUC)[3]
California Real Estate Services Division[citation needed]
California Refugee Programs Branch[citation needed]
California Regional Water Quality Control Boards[citation needed]
California Registered Veterinary Technician Committee[citation needed]
California Registry of Charitable Trusts[3]
California Research and Development Division[citation needed]
California Research Bureau[3]
California Respiratory Care Board (RCP)[3]
California Rural Health Policy Council[citation needed]
California San Francisco Bay Conservation and Development Commission[citation needed]
California San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy[citation needed]
California San Joaquin River Conservancy[citation needed]
California Science Center
California Secretary of State’s Office
California Seismic Safety Commission[3]
California Small Business Development Centers (SBDC)[3]
California State and Consumer Services Agency
California State Assembly
California State Assembly Democratic Caucus[1]
California State Assembly Republican Caucus[1]
California State Board of Education
California State Controller’s Office
California State Lands Commission
California State Legislature
California State Library
California State Lottery
California State Personnel Board
California State Polytechnic University, Pomona
California State Railroad Museum
California State Senate
California State Senate Democratic Caucus[citation needed]
California State Senate Republican Caucus[citation needed]
California State Summer School for Mathematics and Science (COSMOS)
California State Summer School for the Arts
California State Superintendent of Public Instruction’s Office
California State Teachers’ Retirement System (CalSTRS)
California State Treasurer’s Office
California State University (CSU)
California State University, Bakersfield
California State University, Channel Islands
California State University, Chico
California State University, Dominguez Hills
California State University, East Bay
California State University, Fresno
California State University, Fullerton
California State University, Long Beach
California State University, Los Angeles
California State University, Monterey Bay
California State University, Northridge
California State University, Sacramento
California State University, San Bernardino
California State University, San Marcos
California State University, Stanislaus
California State Water Resources Control Board
California Superior Courts
California Technology Agency (CTA)
California Technology Agency, Office of Technology Services
California Victim Compensation and Government Claims Board
CaliforniaVolunteers
California Youth Authority (CYA)
Humboldt State University
Judicial Council of California
Little Hoover Commission (LHC)
Medical Board of California
Regents of the University of California
San Diego State University
San Francisco State University
San José State University
Santa Monica Mountains Conservancy
State Bar of California
Supreme Court of California
University of California
University of California, Berkeley
University of California, Davis
University of California, Hastings College of the Law
University of California, Irvine
University of California, Los Angeles
University of California, Merced
University of California, Riverside
University of California, San Diego
University of California, San Francisco
University of California, Santa Barbara
University of California, Santa Cruz
__________________________________________________________
lol...Too late, the feds even bailed out Texas and everyone else...Just one of many reasons why your government is broke and put the next 20 generation into an endless debt spiral.
___________________________________________________________
Gov. Perry decides to accept stimulus money for Texas
AUSTIN, TEXAS (AP) -- Gov. Rick Perry has decided to accept Texas' $17 billion share of the federal stimulus money.
Perry wrote in a letter to President Barack Obama yesterday that Texas would use the money "to promote economic growth and create jobs in a fiscally responsible manner."
When you look at the details, the category “other revenue” is where 80% of the shortfall originates.
What were they thinking? To be off $419 million? Was it hope and prayer? Kicking the can down the road, state style.
Unfortunately, the road is very close to the cliff edge for CA.
Time for a fire sale. What bid to I hear for Hearst’s Castle and the surrounding area for real estate development?
02/2009: California votes to increase taxes.
08/2011: California tax revenue drops ‘unexpectedly.’
Unexpectedly, that is, unless you’ve studied US fiscal history at all. Increasing taxes beyond a certain level always produces a reduction in tax revenue.
02/2009: California votes to increase taxes.
08/2011: California tax revenue drops ‘unexpectedly.’
Unexpectedly, that is, unless you’ve studied US fiscal history at all. Increasing taxes beyond a certain level always produces a reduction in tax revenue.
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