Three groups spend other people's money: children, thieves, politicians. All three need supervision. -- Dick Armey

Blog Home

NTU Home Page

Blog FAQs

About "Government Bytes!"

Support NTU

Sign up with NTU's Taxpayer Action Center

Blog Contributors
Andrew Moylan
Director of Government Affairs

Dan Barrett
Policy Analyst

David Keating
Senior Counselor

Demian Brady
Senior Policy Analyst

Elizabeth Terrell
Guest Blogger

Jeff Dircksen
Director of Congressional Analysis

Jordan Forbes
Federal Government Affairs Manager

Joshua Culling
State Government Affairs Manager

Kristina Rasmussen
Guest Blogger

Kristine Tuinstra
State Policy Analyst

Government Affairs & Communications Associate

Paul Gessing
Guest Blogger

Pete Sepp
Vice President for Communications

Rachael Slobodien
Communications Manager

Ross Kaminsky

Sam Batkins
Guest Blogger

Tom Horne
Policy Associate

Send to a Friend
Send to Friend
The Official Blog of National Taxpayers Union

California Legislators Reach Budget Compromise with No Tax Hike

Posted by Joshua Culling - September 15, 2008

After a record 76-day budget standoff, California legislators appear to have reached a compromise on how to eliminate a projected $15.2 billion deficit. Shockingly, they have decided to rely in large part on spending cuts to get it done. For the fiscal year that began on July 1, they have pledged to trim $9 billion of fat off the $103.4 billion budget. Gov. Schwarzenegger's proposed "temporary" sales tax hike was avoided. The rest of the revenue will be made up by closing loopholes in business tax collection (we'll wait for more details before evaluating these) and accelerated revenue collections of some one-time income originally slated to be garnered at some point in the future.

It's not perfect, but I must say I'm surprised that a solution generally favorable to the taxpayer came out of the California State Legislature. They expect a vote on this today; let's keep our fingers crossed.

Thoughts?   Add Comment -

There are no comments for this entry yet.