Whats the problem? California wants to tax everything... 
Problem is if they do it, New England isn't far behind, then everyone else...
Problem is if they do it, New England isn't far behind, then everyone else... 
- Status
1 - 20 of 20 Posts
Here is the Arizona Bill...
http://www.azleg.state.az.us/legtext/45leg/2r/bills/sb1062s.htm
Looks like 5% here...
http://www.azleg.state.az.us/legtext/45leg/2r/bills/sb1062s.htm
Looks like 5% here...
[This may be partially political, please bear with me]
Without reading the article.... we need to put this in the proper context.....
The State of California is faving a MASSIVE revenue shortfall, partially due to the stock market falling and the resulting decrease in captail gains tax, and partially because of the long-term power deals that the governor signed during the power crisis of January-June, 2001.
The new state budget was supposed to be passed on July 1st. While both the state assembly and state senate are both controlled by the Democratic party, budget passage requires 2/3's majority, so a few republican votes is needed. Being an election year, both sides are being extremely stubborn in their positions.
Meanwhile, while many state employees are continuing to get a paycheck (although a proposal to reduce their wages to minimum wage until a budget was signed is currently on appeal... don't even ask about all of the details), vendors have not been paid since July 1st. The late fees are accumulating at $5 million per DAY. Meanwhile, a friend of mine who works at the state has some badly needed equipment that needs to be purchased. The orders just need a budget.
Here is the Sacrametno Bee's political page. Some of the proposals include:
* Increasing the cigarette tax from 87 cents per pack to $3 per pack. (Massachusetts is currently the highest at $1.51)
* Doubling the vehicle registration tax. (It was rolled back a few years ago)
* 20 percent across the board layoffs
* One proposal was a across the board cut, with the centerpiece being $1.5 billion cut to public schools and community colleges. When that went up for a vote Monday night, it received ZERO votes.
The longest budget stalement in recent memory was back in 1992, when a budget was signed on September 2nd. We expect that record to be broken.
Oh, did I mention that this is an election year, and Gray Davis (D) and Bill Simon (R) are running neck in neck?
That's just the bare background of what may be occurring. If you want to discuss the California budget mess, feel free to open a topic in the Potpourri forum.
Without reading the article.... we need to put this in the proper context.....
The State of California is faving a MASSIVE revenue shortfall, partially due to the stock market falling and the resulting decrease in captail gains tax, and partially because of the long-term power deals that the governor signed during the power crisis of January-June, 2001.
The new state budget was supposed to be passed on July 1st. While both the state assembly and state senate are both controlled by the Democratic party, budget passage requires 2/3's majority, so a few republican votes is needed. Being an election year, both sides are being extremely stubborn in their positions.
Meanwhile, while many state employees are continuing to get a paycheck (although a proposal to reduce their wages to minimum wage until a budget was signed is currently on appeal... don't even ask about all of the details), vendors have not been paid since July 1st. The late fees are accumulating at $5 million per DAY. Meanwhile, a friend of mine who works at the state has some badly needed equipment that needs to be purchased. The orders just need a budget.
Here is the Sacrametno Bee's political page. Some of the proposals include:
* Increasing the cigarette tax from 87 cents per pack to $3 per pack. (Massachusetts is currently the highest at $1.51)
* Doubling the vehicle registration tax. (It was rolled back a few years ago)
* 20 percent across the board layoffs
* One proposal was a across the board cut, with the centerpiece being $1.5 billion cut to public schools and community colleges. When that went up for a vote Monday night, it received ZERO votes.
The longest budget stalement in recent memory was back in 1992, when a budget was signed on September 2nd. We expect that record to be broken.
Oh, did I mention that this is an election year, and Gray Davis (D) and Bill Simon (R) are running neck in neck?
That's just the bare background of what may be occurring. If you want to discuss the California budget mess, feel free to open a topic in the Potpourri forum.
You can run, but you can't hide.
California always catches up with you....
California always catches up with you....
1 - 20 of 20 Posts
- Status
