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This morning from CNN Money...
California is on the comeback.
Also, I think we might have discussed this at some point, but I couldn't find the thread.
Big spending cuts and a tax increase on the wealthy are helping California balance its budget.
Jerry Brown has been a very good governor, as far as I can see.
The funny thing is that conservatives whined about how he, the liberal, was blowing up CA's economy. He has been the most fiscally responsible Governor in a long time, and he did this under very difficult circumstances.
The key word in that article is "EXPECTS."
There were expectations that last year's budget was balanced and we were short by more than $6B.
Given CA's history for overly rosy economic projections simply to make the budget process look good, I will take a "wait and see" approach on this one.
...but if you want to start betting on that surplus actually being true, go right ahead.
Jerry Brown has been a very good governor. I appreciate that he is a moderate liberal (like me) and has reigned in the communists in his party and the unions. He is also a believer in the second amendment, so I'm putting my faith in him to push back on the bucket of wacky gun laws the dems are pushing this session.
It's important to note that California got its fiscal house in order with some spending cuts as well as tax increases. I think I read that once the surplus appeared, several democrats wanted to restart programs that had been cut when there was a crisis. Just makes me want to smack my head. Thankfully Jerry Brown is there to smack some reality into them.
You have to respect a guy who refuses to live in the governor's mansion on principle.
I agree about it being crazy to increase spending. CA needs to pay off some debt. It has some hidden debt as well (e.g. unfunded pension liabilities).
What communists needed reigning in?
Communists....just a joke to describe the far left.
It is really strange. I voted for the guy. I called him JerryFuckingBrown because I couldn't believe that Jerry Brown was running again, but I don't think at any point I actually expected the guy to really make a difference.
Should we start making all of our politicians sit out about 30 years in between terms?
Run for President, sit out, become Mayor of a City a then come back as Governor. What a trek!
I believe Jerry Brown is unique among many politicians in that he cares more about his state and constituents than himself or holding office.
I agree that he is unusual. He and Christie are very different in many ways, but both are in the minority that they care about their constituents.
some would say truth in humor
and lets just remember there was a "weathly" golfer who was talking about leaving, when he does what is the tax rate of a former taxpayer?
This post was edited by FanofSC 17 months ago
You do realize that Mickelson is not the only human being in the State of California, don't you?
i see you still under stand my point and did not answer the question ......
That was a question to which you wanted an answer? It was not rhetorical? Sorry for infering that you had a couple of working brain cells. Given your post history, it was stupid of me to infer that.
This post was edited by Morethanafan 17 months ago
"The governor's budget office advises in a report that the surprise $5-billion bump in revenue in January may be an accounting anomaly".
The governor's budget office advises in a report that the surprise $5-billion bump in revenue in January may be an accounting anomaly.
Calling it an accounting anomaly is wrong. It appears to be a situation where people took gains at the end of last year because of the shift in tax code and then paid in tax deposits on that. If true, it would be fair to call it a one off, but it is not an accounting anomaly. All that being written, the state has a budgeted surplus for the year. We will not know if that comes to fruition until the end of the year.
nice article on Jerry Brown. Soon he will be prez-i-dent....
Nice in-depth read. Thank you for posting this piece. I wouldn't have seen it otherwise.
It's exciting to be in place to watch both Brown's and California's comeback happen in real time.
I was calling him "JerryFuckingBrown" and shaking my head when it became apparent that he was going to be the Dem candidate in 2010. I am still calling him "JerryFuckingBrown", but I am doing so in a much more positive manner these days.
Regarding Prop. 13 - I had never considered that the commercial side could be handled separately from the residential taxes.
This post was edited by cstory80 16 months ago
Yeah, the bits where it explores how his philosophy differs from boilerplate liberalism was really interesting.
It's nice to see that California is not on this list...the list of The Top 10 Most Unhappy States in The US.
In some circles it became fashionable to trash California at every given opportunity, but I've always loved California. That is why I live here.
According to a recent Gallup poll, the U.S. has shown almost no improvement in well-being in the past five years, with just a slight increase from 2011 when Americans reported the most miserable scores since the survey began. Here are America’s most unhappy states.
9 of the 10 states were won by Romney. The one state won by Obama is a swing state, OH. So much for Republican states being that much better and people flocking to them.
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