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CA Finances Remain Shaky Despite Prop. 30 Tax Hike

SACRAMENTO — The election wasn't even over Tuesday when state Treasurer Bill Lockyer's phone started ringing. Activists of all stripes had the same message for him: With voters apparently poised to approve billions of dollars in tax hikes, it was time to spend more money.

"They had to be reminded the money has already been spent," Lockyer said.

As California tries to shake its national reputation as a financial bungler, policymakers in Sacramento will be managing an estimated $6 billion in annual revenue from Gov. Jerry Brown's newly approved tax plan, Proposition 30. The money is already included in the budget the governor signed last summer.

Source: Los Angeles Times. Read full article. (link)

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  • Sevo||

    Not to worry. Moonbeam will be back for more, it will be 'for the childrunz!', and the idiot dem voters will give it to him. Oh, and it will have no effect on people leaving for greener pastures:

    "High-paid individuals have more to fear from their spouse than they do from the state of California. [...] I would say, if they all work on their relationships, we'll take care of spending their money wisely." - Gov. Jerry Brown
    Yep, he really said that; near the bottom
    Read more: http://www.sfgate.com/bayarea/.....z2C3a1HD6A