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Merry Xmas Cali
Due to several reasons we all know about, California is seeing a massive decrease in Tax Revenue and to stem that massive hemorrhage, Cali is raising taxes yet again.
If you thought California’s $30 billion-plus budget deficit for 2023-24 was bad, the projection for 2024-25 from the state’s Legislative Analyst’s Office paints an even bleaker picture.
In its fiscal report published Thursday, the nonpartisan office found that the state faces a $68 billion budget deficit, explains CalMatters’ Capitol reporter Alexei Koseff. The second straight deficit follows two years of record budget surpluses, fueled by federal COVID relief, but also by California’s volatile income tax system that relies heavily on wealthy people.
Yeah... Don't fix budget issues, just continue to raise taxes. Businesses and people are already fleeing.... just keep giving them reasons leave, as if the massive crime and homeless issues aren't reason enough.
Can't believe they keep voting these clowns in
Due to several reasons we all know about, California is seeing a massive decrease in Tax Revenue and to stem that massive hemorrhage, Cali is raising taxes yet again.
California’s budget deficit could hit record next year
California's budget deficit could hit record next year
The Legislative Analyst’s Office predicts a $68 billion California budget deficit — which could mean spending cuts and drawing down reserves.
calmatters.org
In its fiscal report published Thursday, the nonpartisan office found that the state faces a $68 billion budget deficit, explains CalMatters’ Capitol reporter Alexei Koseff. The second straight deficit follows two years of record budget surpluses, fueled by federal COVID relief, but also by California’s volatile income tax system that relies heavily on wealthy people.
Yeah... Don't fix budget issues, just continue to raise taxes. Businesses and people are already fleeing.... just keep giving them reasons leave, as if the massive crime and homeless issues aren't reason enough.
Can't believe they keep voting these clowns in