CA income taxes increasing 2.5%?

[Anonymous]

This is not the time for higher taxes but CA doesn’t own a printing press. I just wish the tax rebates of yore had been plowed into buying down debt instead.

If you own CA munis, you’ve been warned.

[Anonymous]

A few years back, during the _last_ budget crisis, there was some comment about how far back we would have to roll the state budget to make it balance without new taxes. IIRC, this was in maybe 2004, and the rollback would have been all the way back to 2001. Crisis!!!

Look, I’m not getting any more value out of my government now than I was 7-8 years ago.

My proposal is simple. Roll every state budget back to 2004 levels. Look at the growth in benefit plans and decide how that has to fit within available revenue.

And when you see what that number is, then we’ll talk about what cuts to make, or what new taxes would be required to fill that shortfall.

Hint: the shortfall may well be smaller than the currently advertised budget crisis…

Your mileage may vary. Be careful out there.

Cheers,
Scott

[Anonymous]

A few years back, during the _last_ budget crisis, there was some comment about how far back we would have to roll the state budget to make it balance without new taxes. IIRC, this was in maybe 2004, and the rollback would have been all the way back to 2001. Crisis!!!

Look, I’m not getting any more value out of my government now than I was 7-8 years ago.

My proposal is simple. Roll every state budget back to 2004 levels. Look at the growth in benefit plans and decide how that has to fit within available revenue.

And when you see what that number is, then we’ll talk about what cuts to make, or what new taxes would be required to fill that shortfall.

Hint: the shortfall may well be smaller than the currently advertised budget crisis…

Your mileage may vary. Be careful out there.

Cheers,
Scott

[Anonymous]

A few years back, during the _last_ budget crisis, there was some comment about how far back we would have to roll the state budget to make it balance without new taxes. IIRC, this was in maybe 2004, and the rollback would have been all the way back to 2001. Crisis!!!

Look, I’m not getting any more value out of my government now than I was 7-8 years ago.

My proposal is simple. Roll every state budget back to 2004 levels. Look at the growth in benefit plans and decide how that has to fit within available revenue.

And when you see what that number is, then we’ll talk about what cuts to make, or what new taxes would be required to fill that shortfall.

Hint: the shortfall may well be smaller than the currently advertised budget crisis…

Your mileage may vary. Be careful out there.

Cheers,
Scott

[Anonymous]

A few years back, during the _last_ budget crisis, there was some comment about how far back we would have to roll the state budget to make it balance without new taxes. IIRC, this was in maybe 2004, and the rollback would have been all the way back to 2001. Crisis!!!

Look, I’m not getting any more value out of my government now than I was 7-8 years ago.

My proposal is simple. Roll every state budget back to 2004 levels. Look at the growth in benefit plans and decide how that has to fit within available revenue.

And when you see what that number is, then we’ll talk about what cuts to make, or what new taxes would be required to fill that shortfall.

Hint: the shortfall may well be smaller than the currently advertised budget crisis…

Your mileage may vary. Be careful out there.

Cheers,
Scott

[Anonymous]

A few years back, during the _last_ budget crisis, there was some comment about how far back we would have to roll the state budget to make it balance without new taxes. IIRC, this was in maybe 2004, and the rollback would have been all the way back to 2001. Crisis!!!

Look, I’m not getting any more value out of my government now than I was 7-8 years ago.

My proposal is simple. Roll every state budget back to 2004 levels. Look at the growth in benefit plans and decide how that has to fit within available revenue.

And when you see what that number is, then we’ll talk about what cuts to make, or what new taxes would be required to fill that shortfall.

Hint: the shortfall may well be smaller than the currently advertised budget crisis…

Your mileage may vary. Be careful out there.

Cheers,
Scott

[capeman]

There are a couple of ways here to cut a lot of cost out of the budget without necessarily costing jobs. 1) Illegals need to lose all benefits paid by the state. We shouldn’t be paying for anything other than emergency services and that goes so far as stabilizing the patient and getting them out.
2) We are in a deflationary environment that is going to kill wealth and cost of living across the board. There should be a way to calibrate this to come to a successful calculation of cutting retirement/salary/legacy costs of state employees. They’re going to have to take a cramdown at some point and it’s better to keep jobs than just cut. Give the option to either cut salaries across the board at a rate equaling the deflation rate or cut double that rate on retirement benefits. It is very scalable and honestly with the cost of living in CA coming down by the day it’s better for staties to have jobs and be on par with Cost of Living than be totally without retirement or salary.

This won’t close the budget shortfalls but it would be a big step.

[capeman]

There are a couple of ways here to cut a lot of cost out of the budget without necessarily costing jobs. 1) Illegals need to lose all benefits paid by the state. We shouldn’t be paying for anything other than emergency services and that goes so far as stabilizing the patient and getting them out.
2) We are in a deflationary environment that is going to kill wealth and cost of living across the board. There should be a way to calibrate this to come to a successful calculation of cutting retirement/salary/legacy costs of state employees. They’re going to have to take a cramdown at some point and it’s better to keep jobs than just cut. Give the option to either cut salaries across the board at a rate equaling the deflation rate or cut double that rate on retirement benefits. It is very scalable and honestly with the cost of living in CA coming down by the day it’s better for staties to have jobs and be on par with Cost of Living than be totally without retirement or salary.

This won’t close the budget shortfalls but it would be a big step.

[capeman]

There are a couple of ways here to cut a lot of cost out of the budget without necessarily costing jobs. 1) Illegals need to lose all benefits paid by the state. We shouldn’t be paying for anything other than emergency services and that goes so far as stabilizing the patient and getting them out.
2) We are in a deflationary environment that is going to kill wealth and cost of living across the board. There should be a way to calibrate this to come to a successful calculation of cutting retirement/salary/legacy costs of state employees. They’re going to have to take a cramdown at some point and it’s better to keep jobs than just cut. Give the option to either cut salaries across the board at a rate equaling the deflation rate or cut double that rate on retirement benefits. It is very scalable and honestly with the cost of living in CA coming down by the day it’s better for staties to have jobs and be on par with Cost of Living than be totally without retirement or salary.

This won’t close the budget shortfalls but it would be a big step.

[capeman]

There are a couple of ways here to cut a lot of cost out of the budget without necessarily costing jobs. 1) Illegals need to lose all benefits paid by the state. We shouldn’t be paying for anything other than emergency services and that goes so far as stabilizing the patient and getting them out.
2) We are in a deflationary environment that is going to kill wealth and cost of living across the board. There should be a way to calibrate this to come to a successful calculation of cutting retirement/salary/legacy costs of state employees. They’re going to have to take a cramdown at some point and it’s better to keep jobs than just cut. Give the option to either cut salaries across the board at a rate equaling the deflation rate or cut double that rate on retirement benefits. It is very scalable and honestly with the cost of living in CA coming down by the day it’s better for staties to have jobs and be on par with Cost of Living than be totally without retirement or salary.

This won’t close the budget shortfalls but it would be a big step.

[capeman]

There are a couple of ways here to cut a lot of cost out of the budget without necessarily costing jobs. 1) Illegals need to lose all benefits paid by the state. We shouldn’t be paying for anything other than emergency services and that goes so far as stabilizing the patient and getting them out.
2) We are in a deflationary environment that is going to kill wealth and cost of living across the board. There should be a way to calibrate this to come to a successful calculation of cutting retirement/salary/legacy costs of state employees. They’re going to have to take a cramdown at some point and it’s better to keep jobs than just cut. Give the option to either cut salaries across the board at a rate equaling the deflation rate or cut double that rate on retirement benefits. It is very scalable and honestly with the cost of living in CA coming down by the day it’s better for staties to have jobs and be on par with Cost of Living than be totally without retirement or salary.

This won’t close the budget shortfalls but it would be a big step.

[CA renter]

Agree, capeman. Good comments.

[CA renter]

Agree, capeman. Good comments.

[CA renter]

Agree, capeman. Good comments.

[CA renter]

Agree, capeman. Good comments.

[Author]

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