Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-18-2014, 02:40 AM
 
Location: San Francisco
37 posts, read 52,454 times
Reputation: 58

Advertisements

California will end its current fiscal year with almost $3 billion, the second period that the golden state will have a positive balance, as revenue and transfers outpace expenses.

The state also is projected to end fiscal 2015 with $2.1 billion in reserves, while bond spending is forecasted to decline 53 percent, Legislative Analyst Mac Taylor said today in a report.

“Similar to the 2013-14 budget, the 2014-15 spending plan makes targeted augmentations in a few areas while paying down several billion dollars in key liabilities,” Taylor said in the report from the nonpartisan office.

California Governor Jerry Brown, a 76-year-old Democrat running for a fourth term, signed a record $156.3 billion spending plan in June. A surge in revenue, mostly from capital gains and temporary income- and sales-tax increases, has taken the state from a $25 billion deficit three years ago to its record surplus.

The state’s credit rating was raised in June to the highest level since 2001 by Moody’s Investors Service. Moody’s upgrade to Aa3 from A1 puts California two steps higher than Standard & Poor’s and Fitch Ratings, which last year upgraded California to A, sixth-highest.

California Seen Ending Year With About $3 Billion Surplus - Bloomberg
Reply With Quote Quick reply to this message

 
Old 12-18-2014, 11:45 AM
 
Location: State of Transition
102,218 posts, read 107,977,655 times
Reputation: 116179
He increased the sales tax? It was already pretty high, wasn't it? Pushing double digits? Sales tax is a regressive tax.
Reply With Quote Quick reply to this message
 
Old 12-18-2014, 06:57 PM
 
Location: Vancouver, WA
8,217 posts, read 16,708,095 times
Reputation: 9472
I'll take some good news to end the year. Things are better better than they were when he entered office, that's for sure. And I didn't vote for him but still want to give some credit where credit is due. Old Jerry did better than I expected.
Reply With Quote Quick reply to this message
 
Old 12-18-2014, 07:16 PM
 
4,038 posts, read 4,866,029 times
Reputation: 5353
GO, Guv!

Now if he can just hire a rainmaker for spring and summer....
Reply With Quote Quick reply to this message
 
Old 12-18-2014, 08:36 PM
 
Location: LBC
4,156 posts, read 5,566,403 times
Reputation: 3594
How much is that in droves?
Reply With Quote Quick reply to this message
 
Old 12-18-2014, 09:32 PM
 
Location: Sylmar, a part of Los Angeles
8,343 posts, read 6,436,914 times
Reputation: 17463
Browns prop 30 sales tax increase is always called a temporary increase. You can bet your life that the Democrats will make it permanent.
Reply With Quote Quick reply to this message
 
Old 12-19-2014, 12:15 PM
 
Location: Cali
3,955 posts, read 7,201,863 times
Reputation: 2308
Quote:
Originally Posted by NewbiePoster View Post
GO, Guv!

Now if he can just hire a rainmaker for spring and summer....
Just scrap the Bullet train and use the money to build desalination plants!
Reply With Quote Quick reply to this message
 
Old 12-19-2014, 01:21 PM
 
Location: State of Transition
102,218 posts, read 107,977,655 times
Reputation: 116179
Quote:
Originally Posted by CamaroGuy View Post
Just scrap the Bullet train and use the money to build desalination plants!
Gotta love that radioactive water! MMmmmm!
Reply With Quote Quick reply to this message
 
Old 12-19-2014, 02:19 PM
 
Location: SW King County, WA
6,416 posts, read 8,282,608 times
Reputation: 6595
Desal has nothing to do with nuclear energy....
Reply With Quote Quick reply to this message
 
Old 12-19-2014, 03:12 PM
 
Location: LBC
4,156 posts, read 5,566,403 times
Reputation: 3594
Quote:
Originally Posted by CamaroGuy View Post
Just scrap the Bullet train and use the money to build desalination plants!
Or we could stop bleeding 80% of our water supply to sustain largely corporate interests which comprise a tiny portion to our state GDP so they can grow things like cotton in semi-arid land and sell it on the global market!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California
View detailed profiles of:

All times are GMT -6. The time now is 06:32 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top