Hero Text

1972 – 50 years of service to the commercial industrial retail real estate industry – 2022.


April 1, 2011

Ever since Governor Brown was inaugurated, he has been working on eliminating the almost $30B deficit and adopting a budget that reflected cuts and an extension of some existing taxes that are set to expire mid-year. Well, the legislature passed the first part of the budget – reflecting over $13B in cuts – but all negotiations on the tax package came to a screaming halt earlier this week. The various sides are not even talking at this moment. There were miles between the Republican requests for some reforms and where the Democrats were standing. There was also public concern expressed by some legislators over the fact that the support for such a tax package by the voters was slipping. The Governor is now talking about an all cuts budget and no one is sure what that will mean for the state. Stand by as the Capitol looks more and more like the running of the bulls and for most there it remains to get out of the way!

Posted In Budget

Leave a reply