How about a completely different line, going up from San Diego to San Francisco?
Posted on 02/21/2023 5:44:01 PM PST by Olog-hai
California’s budget deficit may be billions of dollars larger than the already big number predicted by Democrat Gov. Gavin Newsom, raising concerns about the Golden State’s fiscal future.
Last month, Newsom announced that California faces a projected budget deficit of $22.5 billion for the coming fiscal year. The figure represented a striking downturn from last year, when the state enjoyed a surplus of about $100 billion due to federal COVID relief and surging capital gains.
While the predicted year-to-year drop-off seemed large, it may not have been large enough.
The California Legislative Analyst’s Office (LAO), a government agency that analyzes the budget for the state legislature, estimates in a report published last week that Newsom’s forecast undershot the mark by about $7 billion, thanks to about $10 billion less in tax revenues than expected. […]
Tax revenues are already much lower this year than the prior one. In January, California’s monthly tax revenue was about $14 billion lower than during the same month last year. Meanwhile, tax revenue in the current fiscal year, which started July, is about $23 billion lower than in the previous year, according to the Wall Street Journal. That’s despite California already having the highest top income tax rate of any state at 13.3%. Indeed, the top 0.5% of taxpayers pay 40% of California’s state income tax, according to recent figures. …
(Excerpt) Read more at foxnews.com ...
Such a simple solution. Raise taxes!
Raise taxes, stupid democrats idea.
Greasy Newscum is busy spending California taxpayer’s dollars on his pet homeless, pet illegals, & criminals; then there’s his money laundering & other corruption!
The Dictator of CA aka POS wants to be president so he can destroy the rest of the nation. Beware, everything he touches turns to shit.
Superman should have let Lex nuke California. Otisberg sounded like a nice place.
How about a completely different line, going up from San Diego to San Francisco?
Governor in 1978 was Jerry Brown. If anything, Supes should have sent the missile to Sacramento.
dint they just have a surplus???
The collision would be low impact. Who’d be on the train from nowhere to nowhere?
Probably paying reparations for slavery will be a high priority item in the budget.
He must have been “self medicating.”
Paging Art Laffer! Bring your curve with you!
Record number of working and tax-paying people are leaving California.
Record number of illegal ‘migrants’ are pouring in.
Recipe for chaos, economic and otherwise.
Wait until they give all the cottonpickers Five Million each. It’s gonna be slim pickings out on the coast for a millennium at least.
Brandon will tax the rest of the country to pay for this dumpster fire.
> The collision would be low impact. <
Ah, but the key is having two completely separate rail lines. One goes south only, and one goes north only. Sure, that would mean twice the expense for California taxpayers.
But it would also mean twice the union jobs, and twice the opportunity for graft and corruption. Looks like a go to me.
Gavin is running Ca. into the ground, typical of a lib Dem.
Ha, The third track will fix that. Why not a forth? /s
Burn baby burn
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