[pencilneck]

An oldy but…well its old and lets leave it at that.

Dead Kennedys – California Über Alles
http://www.youtube.com/watch?v=UW8UlY8eXCk

[pencilneck]

An oldy but…well its old and lets leave it at that.

Dead Kennedys – California Über Alles
http://www.youtube.com/watch?v=UW8UlY8eXCk

[pencilneck]

An oldy but…well its old and lets leave it at that.

Dead Kennedys – California Über Alles
http://www.youtube.com/watch?v=UW8UlY8eXCk

[pencilneck]

An oldy but…well its old and lets leave it at that.

Dead Kennedys – California Über Alles
http://www.youtube.com/watch?v=UW8UlY8eXCk

[pencilneck]

6. Of the states with the largest budget shortfalls, as a percent of revenue, which state has the smallest shortfall?

Odd question.

[pencilneck]

6. Of the states with the largest budget shortfalls, as a percent of revenue, which state has the smallest shortfall?

Odd question.

[pencilneck]

6. Of the states with the largest budget shortfalls, as a percent of revenue, which state has the smallest shortfall?

Odd question.

[pencilneck]

6. Of the states with the largest budget shortfalls, as a percent of revenue, which state has the smallest shortfall?

Odd question.

[pencilneck]

6. Of the states with the largest budget shortfalls, as a percent of revenue, which state has the smallest shortfall?

Odd question.

[pencilneck]

Sometimes conspiracies are so boring and un-hidden that we tend to ignore them.

[pencilneck]

Sometimes conspiracies are so boring and un-hidden that we tend to ignore them.

[pencilneck]

Sometimes conspiracies are so boring and un-hidden that we tend to ignore them.

[pencilneck]

Sometimes conspiracies are so boring and un-hidden that we tend to ignore them.

[pencilneck]

Sometimes conspiracies are so boring and un-hidden that we tend to ignore them.

[pencilneck]

My assumption is that the goal of the state is to maximize tax revenue.

Total California real estate is worth about $4.4 trillion*. A 1% drop in real estate tax revenue “costs” the state about $440 million annually. If this $2 billion “investment” can make a 1% difference it would pay for itself in about 5 years.

* I believe this is the taxable value of California property in 2010, not the fair market value. I might be mistaken. If it is the fair market value these figures won’t add up due to prop 13.

Or, more succinctly, ditto Rustico’s post.

[Author]

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