What tax dollars?

The bottom fell out.

 

[quote name='Elistan' date='Jan 20 2009, 01:02 PM'] Y'know, the weather is very nice and some northern CA lands are quite beautiful, but otherwise I can find any interest in moving out there.

 

It sucks because he got into the governor slot promising spending reductions. I don't know if the nurse's and teacher's unions blackmailed him or what but he became just another tax-and-spend f'er!

 

First off, Prop 98 states what the flat percentage shall be. . .

Regardless, if you budget for x, and the following year's revenues become x-y from the economy falling out, you're fookered.

The blissful joy of California has been, as the 6th-8th (depending on currency floats) largest economic power in the world, is that you could float a AAA-rated bond against future revenue.

. . . revenue is in the crapper. . . and guess what happened to the municipal/state bond market?

. . .Whoops. . .