"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Who could have ever predicted that California’s rosy assumptions of increased revenue would be cruelly smashed on the rocky reefs of reality? Certainly not California state leaders, that’s for sure. In what has become a depressingly routine ritual, California makes…
It’s happening again. Hugely optimistic expectations of revenue for California didn’t materialize so Sacramento is scrambling to find some way, any possible way, to balance the budget. The state needs to find $3.3 billion by March to meet obligations. Lawmakers…
Pardon my cynicism, but California has been here before. Balancing the budget seems insoluble. Then, seemingly out of nowhere, money drops from the heavens. Entire new sources of revenue are discovered! Sacramento rejoices. The budget will be balanced after all…
Who could have ever predicted that the projected California budget deficit for 2012-2013 would be much higher than previously assumed? Sadly, this is just the same old tired scenario. In a desperate attempt to balance the budget, Sacramento makes hugely…
The California legislature has done it yet again. It passed a budget based on hugely optimistic estimates of revenue only to have the reality pie of revenue shortfall hit it in the face a few months later. Of course, legislators…