This is quite related to Dave’s earlier post, but the fact that we have taken in $2.1 bn less than we expected since the budget deal is rather scary.<\/p>\n
California has received $2.1 billion less this year in tax revenues than projected in the February budget, according to State Controller John Chiang.<\/p>\n
In April alone, the state’s General Fund revenues were down $1.89 billion, 16 percent below what the February budget projected. Personal income taxes were down $1.06 billion, corporate taxes were down $831 million and sales taxes were down $108 million.(SacBee 5\/8\/09<\/a>)<\/p><\/blockquote>\n
This is in addition to the $8 billion estimated already by the LAO, so we’re looking at something over $10 billion now.<\/p>\n","protected":false},"excerpt":{"rendered":"
This is quite related to Dave’s earlier post, but the fact that we have taken in $2.1 bn less than we expected since the budget deal is rather scary.<\/p>\n
California has received $2.1 billion less this year in tax revenues than projected in the February budget, according to State Controller John Chiang.<\/p>\n
In April alone, the state’s General Fund revenues were down $1.89 billion, 16 percent below what the February budget projected. Personal income taxes were down $1.06 billion, corporate taxes were down $831 million and sales taxes were down $108 million.(SacBee 5\/8\/09<\/a>)<\/p><\/blockquote>\n
This is in addition to the $8 billion estimated already by the LAO, so we’re looking at something over $10 billion now.<\/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":[117],"tags":[60],"class_list":["post-8814","post","type-post","status-publish","format-standard","hentry","category-117","tag-60"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-2ia","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/8814","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=8814"}],"version-history":[{"count":0,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/8814\/revisions"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=8814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=8814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=8814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}