FACTS
Jul 7, 2018 22:14:06 #
Jul 8, 2018 07:36:55 #
hj
Loc: Florida
Where do you get your fact that California has a six billion surplus? All other sources talk about the state being bankrupt!
kd7eir wrote:
Choke on them, Republicans!
Jul 8, 2018 08:12:00 #
hj wrote:
Where do you get your fact that California has a six billion surplus? All other sources talk about the state being bankrupt!
"California Governor Jerry Brown took office in 2011 with a $27 billion deficit and drastically slashed spending. In 2012, he staked his governorship on a tax increase that voters approved that year and reauthorized in 2016."
"LOS ANGELES—California Gov. Jerry Brown appears poised to exit office next year with a top political priority in hand: free from the massive budget deficits that had weighed on his predecessors.
Buoyed by tax increases passed under his administration and a strong economy, Mr. Brown said Wednesday that the state is projecting a $6.1 billion surplus for the next fiscal year, which begins July 1.
The governor proposed socking most of the money away in a rainy-day fund whose creation he pushed for in 2014. Nearly 70% of the state’s projected revenue of about $135 billion next fiscal year is derived from personal income taxes, according to the governor’s office.
Read More
The state’s fiscal health is especially crucial as it faces myriad challenges: record natural disasters, housing shortages and changes to federal tax regulation—all while it ramps up opposition to the Trump administration on several major policy fronts."
http://www.wsj.com/articles/jerry-browns-legacy-a-6-1-billion-budget-surplus-in-california-1515624022
Jul 8, 2018 08:55:24 #
The biggest challenge that is being faced by California and a host of other states is the ridiculous cap on 500K mortgages and 10K real estate taxes as being deductible.
You can probably be a welfare queen in one of those bankrupt red states and do just fine with those caps but California lists 110K a year as low income. Houses cost 800K and up.
Yes, the Blue states charge higher taxes but only because they like things like good roads, healthcare, and education, just to name a few.
You can probably be a welfare queen in one of those bankrupt red states and do just fine with those caps but California lists 110K a year as low income. Houses cost 800K and up.
Yes, the Blue states charge higher taxes but only because they like things like good roads, healthcare, and education, just to name a few.
Jul 8, 2018 09:03:25 #
hj
Loc: Florida
Various articles on google indicate California is not bankrupt but it is insolvent. California’s liabilities vastly exceed its assets. A State cannot declare bankruptcy but that may change someday.
Jul 8, 2018 09:06:17 #
LWW
Loc: Banana Republic of America
Frank T wrote:
The biggest challenge that is being faced by California and a host of other states is the ridiculous cap on 500K mortgages and 10K real estate taxes as being deductible.
You can probably be a welfare queen in one of those bankrupt red states and do just fine with those caps but California lists 110K a year as low income. Houses cost 800K and up.
Yes, the Blue states charge higher taxes but only because they like things like good roads, healthcare, and education, just to name a few.
You can probably be a welfare queen in one of those bankrupt red states and do just fine with those caps but California lists 110K a year as low income. Houses cost 800K and up.
Yes, the Blue states charge higher taxes but only because they like things like good roads, healthcare, and education, just to name a few.
So Californians are not wanting to pay their fair share.
Jul 8, 2018 09:07:53 #
LWW
Loc: Banana Republic of America
hj wrote:
Where do you get your fact that California has a six billion surplus? All other sources talk about the state being bankrupt!
They aren’t bankrupt because its illegal.
They are insolvent.
Jul 8, 2018 11:03:57 #
BigWahoo wrote:
"California Governor Jerry Brown took office ... (show quote)
Your quote from of a Wall Street Journal article, claiming a $6.1 billion surplus (and thus solvency) for California, is a hope, a dream, based on projections for the fiscal year beginning July 1, 2018, and certainly not a FACT as... "The governor hopes to avoid the fate of predecessors who left office with big deficits".
However, an IBD research ranking the top 10 Best and Worst states by fiscal condition, published in 2017, is a FACT.
Jul 8, 2018 11:29:49 #
LWW
Loc: Banana Republic of America
Phreedom wrote:
Your quote from of a Wall Street Journal article, claiming a $6.1 billion surplus (and thus solvency) for California, is a hope, a dream, based on projections for the fiscal year beginning July 1, 2018, and certainly not a FACT as... "The governor hopes to avoid the fate of predecessors who left office with big deficits".
However, an IBD research ranking the top 10 Best and Worst states by fiscal condition, published in 2017, is a FACT.
However, an IBD research ranking the top 10 Best and Worst states by fiscal condition, published in 2017, is a FACT.
And that is a FACT! 100%!
Jul 8, 2018 14:48:25 #
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