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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

STILL NO BUDGET – 44 DAYS LATE – HO HUM

August 13, 2010

In an interview earlier in the week, the Governor stated that although there was “progress” on the budget a deal was still two or three weeks away. In Capitol-speak that means they are nowhere near a deal… In other news, the Governor has tried to reinstate furloughs, but a judge said “uh-uh.”

Democrats want $4.5 billion in higher taxes, some on corporations and oil firms. But a state income tax increase has also been introduced, in a scheme that can only be described as “odd.” The theory is to have a higher California tax to increase revenues and allow a greater amount deducted from Federal taxes. This head-scratcher, was rightly deemed as a middle class tax hike by nonpartisan Legislative Analyst’s Office.

If you want to read a bit more about the “Tastes Great!” / “Less Filling!” argument that’s happening under the Dome, click here.

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