Breadcrumbs
Home / CA: Tax Hike Likely Despite StimulusCA: Tax Hike Likely Despite Stimulus
Last Updated on Thursday, 5 March 2009 11:45 Written by rslcpol Thursday, 5 March 2009 11:45
From the Sacramento Bee:
Gov. Arnold Schwarzenegger’s Department of Finance estimated Wednesday that California will not receive enough federal stimulus money to avoid higher personal income taxes and deeper cuts in social services.
Officials said California will fall $2 billion short of the $10 billion threshold the state must receive to eliminate $1.8 billion in additional income tax increases and $948 million in further spending cuts negotiated as part of the budget deal Schwarzenegger signed Feb. 20.
This entry was posted on Thursday, March 5th, 2009 at 11:45 am and is filed under State Legislature News.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.