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Thread: Good news, California: Surplus is $2.4 billion

  1. #121
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    Re: Good news, California: Surplus is $2.4 billion

    Quote Originally Posted by CalGun View Post
    State Tax Revenues: Charts and Data

    You liberals are so funny. Article notes the surplus is due to spending less not taking in more revenue.
    In fact you might note above revenue is well off last year - hmm - even after tax increases. Funny main stream media doesn't tell us anything about that.
    Not to mention the following that liberals and their friends in the media attempt to bury:

    California Budget Fact Check

    There are three main types of debt California owes: budgetary debt, regular indebtedness and unfunded liabilities. Recent reports suggest California has a total indebtedness of over $600 billion.

    California budgetary debt topped $35 billion at its height. As of the end of the 2012-13 budget year, California will owe $27.8 billion in budgetary debt.
    While the Governor committed to repaying debt if his taxes were approved, his current budget lowers debt payment by $1 billion, putting repayment behind schedule.
    Using one-time money to pay back budgetary loans would help the state avoid a fiscal cliff in the future.


    Budgetary debt was a unique tool adopted in California to avoid budget cuts in the last decade. The Legislature borrowed money from various state funds, Wall Street, and delayed payments for various obligations. They then used this money to avoid spending cuts. At its height, California budget loans topped $35 billion (end of the 2011-12 budget year). In the budget that will close on June 30, 2013, the state will have paid off $5.9 billion and made other adjustments.

    As such, the state will still owe $27.8 billion in budgetary debt at the end of the 2012-13 fiscal year.

  2. #122
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    Re: Good news, California: Surplus is $2.4 billion

    Quote Originally Posted by PirateMk1 View Post
    11,000????!!!!??? That's it? Holy **** I would love to know where they are getting their retrofits done. Mine and my contractors is gona set us back 17,000. We will be bitchin all the way.
    I heard the $ 17K mentioned. Someone said he found someone who quoted $ 3K and everyone started laughing ? Maybe the $3k was just the California sales tax ?

    The California Democrats are good at killing jobs in the state.

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