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Good news, California: Surplus is $2.4 billion

QUOTE clownboy;

Did you read the OP?

Yes.I am the one that posted it.


Yet another super special emergency tax, which btw they have no intentions of cancelling now that the super emergency is done.

the tax pulled the state outta its death spiral thank,s to Gov Brown.

And if you thought they might just use that surplus to pay down their debt, nope, same OP says they're giving all that and a few million more to education
.

Whats wrong with education?


Effectively saying they don't have a surplus, but a debt after all.

Inspite of that the states credit rating has been upgraded.Amazing isn't it? :2wave:
 
Yet you would forsake Calyfornia for "cool to places like texas, colorado and arizona"inspite of the fact that they have a lower average pay rate then Calyfornia.:lamo

First of all you appear to have misread my quote-I said leaving like its cool.
And the fact that things like lower costs of living, real estate values, state income tax, sales tax etc matter seems to escape you. Econ 101, you should consider it.
 
Cost of living is also way less, so you come out good. AND you don't get hit with super fun emergency taxes that last forever after.



In this case two outta three is bad. The only comparable is "Colorado".But i,ll say that Calyfornia is better because i can ski Bear Mountain and cruse off the coast on Bro,s boat on the same day.:rock
 
First of all you appear to have misread my quote-I said leaving like its cool.
And the fact that things like lower costs of living, real estate values, state income tax, sales tax etc matter seems to escape you. Econ 101, you should consider it.


state income tax, sales tax


Whatever floats yer boat.:2wave:
 
I've been watching the political machine in Sacramento for over forty years now. Here is how it works during the past couple of decades.

The Democrats in the State Legislature always spend more money than there is in the state's tax coffers.

They always turn to the stupid gullible people of California and say we need more money, it's for the children, we have to raise taxes. And the stupid people of California believe the Democrats thinking it's for the children but it's not.

The Democrats get their new taxes and they repeat spending more money than the state has and again the Democrats turn to the stupid people in California and tell them they need more money for the children and they must raise taxes. And the stupid people again believe the Democrats.

Over and over and over it goes.

That last increase in the sales tax and huge state income tax increase on a minority of the taxpayers, where did that money go ? Not to the children in schools but to the teachers union retirement fund and to give a pay raise to all of the union state workers.

That surplus, it's already being spent. And soon Sacramento will be calling for new taxes and saying it's for the children.

Jerry Brown has a track record of playing a shell game, he moves money around.

Back when Jerry Brown was Governor during the late 70's and 80's, California had the best roads and highways in America. The tax coffers was getting low and Jerry Brown came up with an idea to get himself reelected. He needed to come up with a surplus. What he did was take the California gasoline tax that was solely used for maintaining California's roads, highways and bridges and had that money moved into the state's general fund. Then he told the gullible Californians look at my surplus. But look at California's state highways, roads and bridges today in California, some of the worse in the country.

Watch what's next of the Democrats agenda, they are going to go after Prop 13.
 


In this case two outta three is bad. The only comparable is "Colorado".But i,ll say that Calyfornia is better because i can ski Bear Mountain and cruse off the coast on Bro,s boat on the same day.:rock


So true.
And when the inland valley's swelter in the summer, the cool coast is only an hour or so away.
Despite this horrible balanced budget problem, I'm not leaving.
 
I've been watching the political machine in Sacramento for over forty years now.

Watch what's next of the Democrats agenda, they are going to go after Prop 13.

Repubs have been crying wolf about THAT for 35 years.:shrug:
 
Repubs have been crying wolf about THAT for 35 years.:shrug:


Shhhh…don’t tell those that have their head stuck in the desert sand but when gipper(Reagan) was the guv, and inherited a budget deficit from the previous administration; you ask what the gipper did?:shock:

He did what any red blooded conservative would do in that situation…10-percent reduction in state spending. In other words, austerity. OF COURSE.

You would not hear a peep that the Sainted Gipper was pushing for the mother of all tax (highly progressive) increases after that year though. Within that year, and with the help of the Dems in the state legislature managed to squirt out at what that time was the highest tax increase in the history of California, or of any other state for that matter.

Naturally, when the highly progressive tax increase produced a budget surplus, he did what any red blooded conservative would do in that situation.He attributed it to his managerial skill.:mrgreen:
 
Shhhh…don’t tell those that have their head stuck in the desert sand but when gipper(Reagan) was the guv, and inherited a budget deficit from the previous administration; you ask what the gipper did?:shock:

:

Fact is, Reagan was a pragmatist.
Fact is, he did what he needed to do to pull Cali out of the red.
Just like Jerry Brown.;)
 
We'll see, I will keep an eye looking west. But it sounds good so far.

California is in the process of destroying a lot of small business trucking companies with the CARB truck and bus rule. Basically Jan 1 any truck older than 2007 better have a DPF filter or be off the road. It applies to out of state trucks as well that come to the state. The only exception for out of state truck will be a pass good once for only three days, that can only be had once a year. New trucks cost over 120,000. It looks good on the outside, its when you are inside that you see all the rotten stuff. The real fun has been all the rules changes in between when they started and now. CARB has managed to thoroughly muddy the waters nobody really knows what's going on.
 
I've been watching the political machine in Sacramento for over forty years now. Here is how it works during the past couple of decades.

The Democrats in the State Legislature always spend more money than there is in the state's tax coffers.

They always turn to the stupid gullible people of California and say we need more money, it's for the children, we have to raise taxes. And the stupid people of California believe the Democrats thinking it's for the children but it's not.

The Democrats get their new taxes and they repeat spending more money than the state has and again the Democrats turn to the stupid people in California and tell them they need more money for the children and they must raise taxes. And the stupid people again believe the Democrats.

Over and over and over it goes.

That last increase in the sales tax and huge state income tax increase on a minority of the taxpayers, where did that money go ? Not to the children in schools but to the teachers union retirement fund and to give a pay raise to all of the union state workers.

That surplus, it's already being spent. And soon Sacramento will be calling for new taxes and saying it's for the children.

Jerry Brown has a track record of playing a shell game, he moves money around.

Back when Jerry Brown was Governor during the late 70's and 80's, California had the best roads and highways in America. The tax coffers was getting low and Jerry Brown came up with an idea to get himself reelected. He needed to come up with a surplus. What he did was take the California gasoline tax that was solely used for maintaining California's roads, highways and bridges and had that money moved into the state's general fund. Then he told the gullible Californians look at my surplus. But look at California's state highways, roads and bridges today in California, some of the worse in the country.

Watch what's next of the Democrats agenda, they are going to go after Prop 13.

Prop 13 will be a tough nut to crack. That will get the Dems into serious trouble they screw with that.
 
California is in the process of destroying a lot of small business trucking companies with the CARB truck and bus rule. Basically Jan 1 any truck older than 2007 better have a DPF filter or be off the road. It applies to out of state trucks as well that come to the state. The only exception for out of state truck will be a pass good once for only three days, that can only be had once a year. New trucks cost over 120,000. It looks good on the outside, its when you are inside that you see all the rotten stuff. The real fun has been all the rules changes in between when they started and now. CARB has managed to thoroughly muddy the waters nobody really knows what's going on.

Now I understand, more EPA junk
 
California is in the process of destroying a lot of small business trucking companies with the CARB truck and bus rule. Basically Jan 1 any truck older than 2007 better have a DPF filter or be off the road. It applies to out of state trucks as well that come to the state. The only exception for out of state truck will be a pass good once for only three days, that can only be had once a year. New trucks cost over 120,000. It looks good on the outside, its when you are inside that you see all the rotten stuff. The real fun has been all the rules changes in between when they started and now. CARB has managed to thoroughly muddy the waters nobody really knows what's going on.

I heard some owners of some trucking companies based in California bitching about these new California regulations last weekend. One said it would cost $11,000 per vehicle to bring his tractors to California standards.

They noticed that Mexican trucks that are driving on California's highways under NAFTA are exempt from these new regulations.

It's like I have to drop a dime or go on the internet to find out if it's legal for me to put a log in the fireplace on that cold rainy night last night.
 
I heard some owners of some trucking companies based in California bitching about these new California regulations last weekend. One said it would cost $11,000 per vehicle to bring his tractors to California standards.

They noticed that Mexican trucks that are driving on California's highways under NAFTA are exempt from these new regulations.

It's like I have to drop a dime or go on the internet to find out if it's legal for me to put a log in the fireplace on that cold rainy night last night.

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.
 
Fort Ord seems to be on the wrong side of the tacks.

So how has those great plans for Fort Ord turned out ?

There sure were a lot of soldiers from California and other western states that did their basic at Fort Ord.

I know Clint Eastwood served at Fort Ord and Jimi Hendrix did his basic training at Fort Ord. Everyone I know who was drafted did their basic at Fort Ord.

Yeah, I enlisted and did Basic at Fort Ord. Somehow they managed to import chiggers, hasty little critters. And when it was nice and beautiful in Carmel, For Ord would be overcast, cold and windy. Never saw one celebrity at Fort Ord and was almost glad to be gone from the place, except my destination was not really better (DaNang). :mrgreen:
 
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.
 
Yes.I am the one that posted it.

Then you should have read it before posting it.

the tax pulled the state outta its death spiral thank,s to Gov Brown.

No it didn't, you're still in the death spiral AND you have a new permanent tax to pay. What's the sales tax up to now, 11, 12, 13%?

Whats wrong with education?

Absolutely nothing, but that wasn't the point. The point is, you're all excited about this so-called surplus which comes from a supposedly temporary emergency tax and it turns out they're lying to you. The 2.4 billion surplus is actually a half billion dollar deficit because they have a 3.1 billion unfunded liabity with the schools. Hooray. :roll:

Inspite of that the states credit rating has been upgraded.Amazing isn't it? :2wave:

Considering how deep in debt the state is I'm surprised your credit rating hasn't been changed downwards. You pretty much demonstrated as a state that you not only can't pay, but won't.
 
Fact is, Reagan was a pragmatist.
Fact is, he did what he needed to do to pull Cali out of the red.
Just like Jerry Brown.;)

Yeah, and neither managed to do it for real. CA taxpayers are bent over the table and for some reason still buying the big lies they're told.
 
Hooray for Cali!!!
Budget problems worked out with a combo of spending restraint and new revenues.
This seems like great news.
I expect the usual suspects will arrive momentarily to explain why this is really bad news.

Its bad news for long term economic freedom in California, as high taxes hurt trade, but if California wants to have big govt and high taxes, thats their perogative. Hopefully, this means they can stop getting nearly 400 billion in federal tax money from the rest of country now.
 
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.
 
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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