Author Topic: California projected to have a surplus  (Read 499 times)

0 Members and 1 Guest are viewing this topic.

California projected to have a surplus
« on: January 11, 2013, 11:58:13 AM »

Online Cman

  • Danny Ainge
  • **********
  • Posts: 10493
  • Tommy Points: 229
Sort of surprising news out of California: the state is expected to have a surplus.
http://news.yahoo.com/governor-brown-unveil-california-budget-141509838.html

hats off to Jerry Brown!
Celtics fan for life.

Re: California projected to have a surplus
« Reply #1 on: January 11, 2013, 12:33:27 PM »

Offline Interceptor

  • NCE
  • Don Chaney
  • *
  • Posts: 1961
  • Tommy Points: 220
California had reforms to be made, to be sure, but hats off to the economic recovery, as well.

One thing that constantly gets buried by people who insist upon looking at debt/GDP ratios, is that revenue cratered alongside the spending increases. It should come as no great surprise that when the economy recovers, that tax revenue floods back along with it, especially in a state like CA that depends so much on revenue from things that are tied to income tax, sales tax, etc.

Re: California projected to have a surplus
« Reply #2 on: January 11, 2013, 01:23:59 PM »

Offline slamtheking

  • Danny Ainge
  • **********
  • Posts: 10350
  • Tommy Points: 2211
LET THE GOOD TIMES ROLL!

 

Hello! Guest

Welcome to the CelticsBlog Forums.

Welcome to CelticsBlog