{"id":11627,"date":"2010-05-05T03:00:00","date_gmt":"2010-05-05T03:00:00","guid":{"rendered":""},"modified":"2010-05-05T01:09:29","modified_gmt":"2010-05-05T01:09:29","slug":"so-much-for-increased-tax-revenues","status":"publish","type":"post","link":"https:\/\/calitics.com\/index.php\/2010\/05\/05\/so-much-for-increased-tax-revenues\/","title":{"rendered":"So Much For Increased Tax Revenues"},"content":{"rendered":"<p>Remember all the hopes of increasing tax revenues? Fuggedaboutit:<\/p>\n<blockquote><p>State tax collections plummeted unexpectedly in April, wiping out months of steady gains that legislators hoped would ease their budget troubles and restore California&#8217;s economy faster than experts predicted.<\/p>\n<p>Such hope is now fading fast.<\/p>\n<p>Revenue for April, the biggest revenue month because it is when most Californians pay their taxes, lagged projections by nearly 30% &#8211; roughly $3 billion, according to state officials. The drop was steep enough to erase improvements recorded in each of the four previous months. (<a href=\"http:\/\/www.latimes.com\/news\/local\/la-me-state-budget-20100504,0,680610.story\">LA Times<\/a>)<\/p><\/blockquote>\n<p>This means more painful cuts to services throughout the state (meanwhile Arnold thinks it is best to <a href=\"https:\/\/calitics.com\/diary\/11589\/arnold-twists-knife-in-cashstrapped-counties\">waste $2.5 million on a special election in SD-15<\/a>).<\/p>\n<p>Don&#8217;t expect any budget votes to come easy this summer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember all the hopes of increasing tax revenues? Fuggedaboutit:<\/p>\n<blockquote><p>State tax collections plummeted unexpectedly in April, wiping out months of steady gains that legislators hoped would ease their budget troubles and restore California&#8217;s economy faster than experts predicted.<\/p>\n<p>Such hope is now fading fast.<\/p>\n<p>Revenue for April, the biggest revenue month because it is when most Californians pay their taxes, lagged projections by nearly 30% &#8211; roughly $3 billion, according to state officials. The drop was steep enough to erase improvements recorded in each of the four previous months. (<a href=\"http:\/\/www.latimes.com\/news\/local\/la-me-state-budget-20100504,0,680610.story\">LA Times<\/a>)<\/p><\/blockquote>\n<p>This means more painful cuts to services throughout the state (meanwhile Arnold thinks it is best to <a href=\"https:\/\/calitics.com\/diary\/11589\/arnold-twists-knife-in-cashstrapped-counties\">waste $2.5 million on a special election in SD-15<\/a>).<\/p>\n<p>Don&#8217;t expect any budget votes to come easy this summer<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[],"tags":[152,60],"class_list":["post-11627","post","type-post","status-publish","format-standard","hentry","tag-152","tag-60"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-31x","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/11627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/comments?post=11627"}],"version-history":[{"count":0,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/11627\/revisions"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=11627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=11627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=11627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}