ha ha ha ha
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/02/BAMA17D21B.DTL
April, the state's largest tax-collection month, has fallen short of expected revenue by more than $1.8 billion in personal and corporate income taxes. The state was $750 million behind projected tax collection on April 1.
There's good reason to believe April's sales tax receipts may disappoint, too. New car sales the first three months of this year fell by 43 percent compared with the same period last year, according a report last week by the California New Car Dealers Association.
California's tax receipts so far are about $2.5 billion behind projections for the current fiscal year and the Legislative Analyst's Office forecast a revenue shortfall of $8 billion next year.
good thing they are raising taxes on the rich and reducing them on the poor, that way the poor can vote for more taxes on the rich.
my state is going to implode fast. don't forget about the interest on the loan for stem cell research that is going to cost the state at least 3 billion.
can you guys bail us out?
i think socialism will help in our situation. we can't cut any programs, reduce benefits to unions paid for at the taxpayer expense, reduce funding for all sorts of programs such as, dare i say it, co-funding for the USDA programs such as the soil conservation program which does very little except lay down extensive layers of bureaucracy.
..............jbarl
