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Old 03-13-2009
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Member Since: Sep 2006
Location: San Jose, Ca
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California just lost another 8 billion due to 'recession'

un real...simply unreal....they just taxed the shit ouf of us...I went to buy my weekend cigars today...well the guy at the shop says hey get ready for a hit...and I am like what hit? the 8$ cigar I buy? they added $2.50 more above the usual, taxes to the cost due to the tabacoo tax and sales tax combined just enacted.

and now I just read this...my job is disappearing in a month anyway, I am going to tell my wife to go start calling headhunters for her job, in other states where I can transfer my skills, I am fucking done here.....that gas tax we just avoided?...watch, just watch.....I am done.


Report: California faces another $8B budget gap
By JUDY LIN – 3 hours ago

SACRAMENTO, Calif. (AP) — The California Legislature's budget analyst says the recession has created another $8 billion hole in the state's budget just weeks after the end of a bruising fight to close a $42 billion gap through June 2010.

Legislative Analyst Mac Taylor says in the report released Friday that California's 10.1 percent unemployment rate, further declines in the stock market and lower tax collections have led to lower revenue projections. He expects the new $8 billion budget gap in the fiscal year that begins July 1.

State Controller John Chiang also said this week that February revenues were nearly $1 billion below previous projections.

Taylor says the deficit will grow even larger unless lawmakers and Gov. Arnold Schwarzenegger take action.

Copyright © 2009 The Associated Press. All rights reserved.


The Associated Press: Report: California faces another $8B budget gap
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