Word: californiaisms
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Thanks to the California state budget that was approved early Thursday morning, my husband and I - relatively new citizens of the Golden State - will help bridge the extraordinary $42 billion deficit next year by paying approximately $1,000 in additional taxes, fees and loss of dependent tax credits. And this figure will remain at that level only if we make no purchases for 12 months in an effort to avoid the new 1-cent-on-the-dollar increase in sales...
...state in freefall with no balanced budget. But it's still a bit of a shock. "The average Californian hasn't figured out exactly what this particular budget means for him or her yet," says Mark Baldassare, president and chief executive officer of the nonpartisan Public Policy Institute of California. "But they're going to feel it soon...
...Life in California has been rough enough these last three months as government all but ground to a halt while legislators haggled over the long-overdue budget. The state had to send out $3.3 billion in IOU notices to taxpayers and vendors; thousands of construction projects were stalled; and state offices were furloughed. Finally, after a record-breaking 45-hour Senate session, the elusive two-thirds majority vote was reached to pass a budget plan that includes $15 billion in service cuts and spending reductions, $12.8 billion in temporary tax hikes and $11.4 billion in borrowing...
...final budget plan, which Governor Arnold Schwarzenegger signed on Friday, is also dependent on federal stimulus money. California expects approximately $80 billion, although it is not yet clear exactly where this money will be funneled. For instance, if the state determines there is enough money from the federal stimulus package not earmarked for other areas, the personal income tax rate hike could be reduced by half...
...your show and at the end people come up to you and come to give you money. Five minutes later and you’re a bum again,” says David J. Holzman, a clown with a B.A. in Philosophy from the University of California and a Master’s Degree in Elementary Education from Lesley University. “The new people coming just assume you’re a bum and you have to start all over again.” —Staff writer Bora Fezga can be reached at bfezga@fas.harvard.edu...