I read the that the state has 19 billion in reserves . Also 11 billion in a “rainy day fund”…”that is ASSUMING…..lawmakers -“Could” spend 7.5 billion of the surplus, and part will “PROBABLY” go to schools.
The words assuming, could, and probably make me just a tad nervous! I tried for two days to find who does the checks and balances on the government reporting, but to no avail.
Also saw on news yesterday the “projected” (another sketchy word) in the first part of the bullet train – which no citizen voted nay or yea on – has gone up 35% to 10.6 billion. Total cost “estimated” at 67 billion dollars.
Didn’t mention how it is being paid for; I can only assume the 2nd increase in vehicles at the DMV is part, along with property tax increase and such…but even with ALL the monies Ca. has, there is still a huge shortage to reach 67 billion dollars.
The governor’s budget summary – 2018-2019 looks vastly different than anything I have read before. For the governor being so verbally environmentally enthusiastic, the numbers in these
Charts do not reflect it. What they do show is revenues and transfers are huge ,which in actuality lays the burden on TAX paying citizens….some of the highest in the nation! (www.ebudget.ca.gov/2018-19)
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hit://www.marketwatch.com/story
45% of Americans pay no federal income tax
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Who pays income taxes in California?
(calbudgetcenter.org/wp-content/uploads)
…..”it is actually California’s low-income families who pay the largest share of their incomes in state and local taxes….”
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(www.sfchronicle.com)
Jan. 30, 2017. “2.3 million illegal immigrants in Ca.”
“Cost per year ranges to $135. Billion in one year – public funds! (2016)
Some illegals do pay income tax, but only totally to about 11.5 million dollars.
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All in all it was a disappointing day of trying to verify facts, though I spent hours, and went to multiple sources to derive information. I admit I drifted from one subject to another, just a tad. 🙂
Liberal, conservative or there is truly an answer to please whatever it is you support!
Don’t worry too much. Not a helluva lot we can do. Although I would love to see Ca. Roads get some attention. Not everyone will be able to ride the bullet train! Kind of makes me vomit in my mouth a bit when I write about it.
Relax, it's just Life! 