Word: californiaisms
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...government is moving in one direction, which is to encourage [funding] increases and tax cuts to stimulate, and the state is moving in a different direction." However, Baldassare says he is pleased the state budget is finally balanced: "Getting this budget issue behind us was the most important thing California could do in terms of improving our economic outlook...
...concerned about credit ratings and business reputation, a long haul is ahead for citizens and businesses already reeling from the foreclosure catastrophe and high unemployment rates. "This is the most serious budget crisis in my lifetime - and I have gray hair," says Jean Ross, executive director of the nonpartisan California Budget Project. "It will have a significant impact on Californians for the next 18 months and for years to come...
...budget's fine print. It includes tax breaks for large corporations, film companies that keep production in-state, buyers of new homes and small businesses that hire new employees. "The state was about to go over a cliff," says Allan Zaremberg, president and chief executive officer of the California Chamber of Commerce. "No tax in a recession is a good tax. But I think the legislature and the governor went out of way to spread taxes by as many Californians and businesses as possible so the impact would not hurt any one industry or any one individual...
Despite the handshakes and smiles yesterday in Sacramento, the budget crisis is far from over - and the state could be in for a serious citizen backlash over the next few months. In California, tax revenue enhancements must be voted on in a special election. On May 19, voters will determine the fate of $5.8 billion in measures, which also include a permanent state spending cap (which would extend the tax hikes from two to four years) and whether or not to divert money from children's services, mental health programs and the lottery into state coffers...
...concerned about the spending cap that would not just lock us into our broken health care system and prevent us from restoring or reforming, but it would force us to make cuts to existing services in the future," says Anthony Wright, executive director of the reform-minded Health Access California, who plans to campaign against the proposal...