U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [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 04-16-2010, 12:43 PM
 
Location: North America
19,633 posts, read 12,456,431 times
Reputation: 8282

Advertisements

Quote:
Originally Posted by chielgirl View Post
carter, these are good questions.
I don't have the answers, but I'm sure someone from NJ will be better able to address the issues that you clearly identified.

Florida is constitutionally mandated to work with a balanced budget. What happened, is that they cut property taxes about the time the housing bubble burst. So when the sub prime mortgages began to default, and people started losing their homes, WHAM, no revenue, then the overinflated property values started to tank, and WHAM even less revenue. Double whammy.

The stimulus helped put some back to work, (road construction has quadrupled where I live, it's a ***** to get home, but I realize people are working.) The first time homebuyer tax credit help boost home sales some, and part of the stimulus money helped save thousands of first responder jobs. Crist accepted the money, which was in the best interests of the people of Florida, not necessarily the best interests of the GOP party. He has always been a moderate, and I think has done a great job for the state.

Why the above? because it is an illustration that state budgets are complicated, evewn worse because of the worst recession in a generation.
Reply With Quote Quick reply to this message

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:

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 > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 05:25 PM.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - 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 - Top