#1 "Next Thing Is They Will Be In Default On State Pensions And Contracts !"
08-04-2008, 04:08 PM
- Join Date
- Aug 2005
Local officials also weigh new tax hikes
"What A great Time To Leave The Golden State !":eek:
As Gov. Arnold Schwarzenegger and legislators confront a projected $15.2 billion budget deficit and weigh whether to impose new taxes to close it, local governments throughout California are contemplating a wide array of new taxes to close their shortfalls or expand local services and facilities. The most ambitious of the local tax schemes may be the Santa Clara Unified School District's plans to impose a $30,000 tax on each new house in a north San Jose development, subject to approval by voters, plus much-smaller parcel taxes on existing homeowners, to finance school programs. But the controversial Santa Clara Unified levy...snip
Wrangling in the Capitol over a Democratic plan to boost state taxes by more than $8 billion to close the state's budget deficit and increasing political and legal battles over local taxes indicate that we may be nearing a climactic point in our seemingly endless political debate over what we want from government and how much we're willing to pay for it.
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