Welcome Guest [Log In] [Register]
Welcome to Perspectives. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Jerry Brown’s Legacy: A $6.1 Billion Budget Surplus in California
Topic Started: Jan 28 2018, 10:48 PM (484 Views)
_g R_
Member Avatar

Fox Business News

LOS ANGELES – California Gov. Jerry Brown appears poised to exit office next year with a top political priority in hand: free from the massive budget deficits that had weighed on his predecessors.

Buoyed by tax increases passed under his administration and a strong economy, Mr. Brown said Wednesday that the state is projecting a $6.1 billion surplus for the next fiscal year, which begins July 1.

The governor proposed socking most of the money away in a rainy-day fund whose creation he pushed for in 2014. Nearly 70% of the state's projected revenue of about $135 billion next fiscal year is derived from personal income taxes, according to the governor's office.


(snip)


Mr. Brown took office in 2011 with a $27 billion deficit and drastically slashed spending. In 2012, he staked his governorship on a tax increase that voters approved that year and reauthorized in 2016.
Edited by _g R_, Jan 28 2018, 10:49 PM.
The real leftists are the silenced majority, the sleeping giant.
Offline Profile Quote Post Goto Top
 
Coast2coast

Well, how about that! :)



Offline Profile Quote Post Goto Top
 
_g R_
Member Avatar

_g R_
Jan 28 2018, 10:48 PM
" The state's fiscal health is especially crucial as it faces myriad challenges: record natural disasters, housing shortages and changes to federal tax regulation -- all while it ramps up opposition to the Trump administration on several major policy fronts."
The real leftists are the silenced majority, the sleeping giant.
Offline Profile Quote Post Goto Top
 
_g R_
Member Avatar

Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



Add a few more billion a year for cannabis taxes
( as long as Trump and Sessions don't interfere).
The real leftists are the silenced majority, the sleeping giant.
Offline Profile Quote Post Goto Top
 
Robert Stout
Member Avatar

Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



It is easy to balance the budget when you increase taxes......... :biggrin:
Jesus can raise the dead, but he can't fix stupid
Offline Profile Quote Post Goto Top
 
Coast2coast

Robert Stout
Jan 28 2018, 11:18 PM
Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



It is easy to balance the budget when you increase taxes......... :biggrin:
You may be the first conservative that gets it. :hooray:
Offline Profile Quote Post Goto Top
 
Harambe4Trump
Member Avatar

Coast2coast
Jan 28 2018, 11:24 PM
Robert Stout
Jan 28 2018, 11:18 PM
Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



It is easy to balance the budget when you increase taxes......... :biggrin:
You may be the first conservative that gets it. :hooray:
Why do you suppose Trump capped Californians tax deductions? That state doesn’t pay it’s fair share of taxes.
Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary.
#MAGA
#wallsnotwars
Offline Profile Quote Post Goto Top
 
ringotuna
Member Avatar

Coast2coast
Jan 28 2018, 11:24 PM
Robert Stout
Jan 28 2018, 11:18 PM
Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



It is easy to balance the budget when you increase taxes......... :biggrin:
You may be the first conservative that gets it. :hooray:
State income tax???? :dunno: What's that?

:biggrin:
Ringoism: Never underestimate the advantages of being underestimated.
Offline Profile Quote Post Goto Top
 
thoughtless
Member Avatar

Ironically, Brown is a fiscal conservative.

After being elected governor of California the first time in 1975, he created the largest budget surplus in the state's history, following the free spending days of Ronald Reagan.

It's no surprise he would do it again.
Without geometry, life is pointless.
Offline Profile Quote Post Goto Top
 
PATruth
Member Avatar

Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



California’s Total State and Local Debt Totals $1.3 Trillion

https://californiapolicycenter.org/californias-total-state-local-debt-totals-1-3-trillion/


Well, how about that! :)
"No. No he won't. We'll stop it."
Offline Profile Quote Post Goto Top
 
jake58

Brown even acknowledges that pensions will be on the table during the next(inevitable) recession. Calpers is under water.
That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens
Offline Profile Quote Post Goto Top
 
Robertr2000
Member Avatar

Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



The Governor of California announced this morning that they will be cutting taxes across the board by 20% due to massive budget surplus.





(the headline you will never never never see.)





"if that **** wins we'll all hang from nooses"
Offline Profile Quote Post Goto Top
 
Robertr2000
Member Avatar

Gov. Brown's state budget projects an $8-billion pension payment next year

Jan. 13, 2017

"Brown's proposed budget includes a combined $8.1 billion for payments to the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS). Public-sector pensions are financed through a combination of employee contributions, taxpayer dollars and profits earned by pension fund investments."





http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-gov-brown-s-state-budget-projects-an-1484338976-htmlstory.html

Edited by Robertr2000, Jan 29 2018, 12:08 PM.
"if that **** wins we'll all hang from nooses"
Offline Profile Quote Post Goto Top
 
Drudge X
Member Avatar

Bulls*** accounting. $9 toll for state owned bridges and no money left for the train to nowhere are not surpluses.
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
Offline Profile Quote Post Goto Top
 
Katoblue
Member Avatar

Cali has a 65 BILLION DOLLAR Infrastructure Debt! and is the POVERTY CAPITAL of America! lmao what is Brown doing with that money? Pocketing it! No Doubt! and spending it all on Illegals! people are leaving Calie in Droves get a clue or clueless left! lmao

only alt-left moron's would dare call Calie a success! Brown has failed so miserably he has more lawsuits against the state than Carter has peanuts! and Cali citizens want to divide the state in two it is THAT bad!

when alt-left lie good people really do die.. um um um

Stay ignorant my friends!
:rollseyes: :oyvey







Killary, DNC, Obummer's DOJ and FBI all Lied and Spied and Good People Died!
Offline Profile Quote Post Goto Top
 
_g R_
Member Avatar

So we learn from them don't we ? Good,bad and ugly...it usually starts there.

On the environment, Californians fight back against Trump
As Washington diminishes American credibility and environmental commitment both at home and around the globe, there is still hope for functional democracy, sound leadership and a future where environmental protection and international collaboration are valued in California.

According to former California State assemblyman, president of Children Now and campus political science lecturer Ted Lempert, California has been setting the national standard for many decades on environmental leadership.

http://www.dailycal.org/2017/11/05/environment-californians-fight-back-trump/
The real leftists are the silenced majority, the sleeping giant.
Offline Profile Quote Post Goto Top
 
PATruth
Member Avatar

_g R_
Jan 29 2018, 01:52 PM
So we learn from them don't we ? Good,bad and ugly...it usually starts there.

On the environment, Californians fight back against Trump
As Washington diminishes American credibility and environmental commitment both at home and around the globe, there is still hope for functional democracy, sound leadership and a future where environmental protection and international collaboration are valued in California.

According to former California State assemblyman, president of Children Now and campus political science lecturer Ted Lempert, California has been setting the national standard for many decades on environmental leadership.

http://www.dailycal.org/2017/11/05/environment-californians-fight-back-trump/
Good time to change the subject. Who's going to pay back CA's 1+ TRILLION in debt? Maybe all those illegal illiterate peasants on welfare?

Good job democrats!
"No. No he won't. We'll stop it."
Offline Profile Quote Post Goto Top
 
BuckFan

PATruth
Jan 29 2018, 10:53 AM
Coast2coast
Jan 28 2018, 10:51 PM
Well, how about that! :)



California’s Total State and Local Debt Totals $1.3 Trillion

https://californiapolicycenter.org/californias-total-state-local-debt-totals-1-3-trillion/


Well, how about that! :)
Yes, a conservative "think-tank" creates the most extreme analysis possible. Of that number, California state debt is $224 Billion. Of course most of this debt are long term bonds taken out to finance capital projects.

But even with that analysis, California still has much less debt than the US government does and it has a budget in surplus by raising taxes.
Offline Profile Quote Post Goto Top
 
BuckFan

Robertr2000
Jan 29 2018, 12:07 PM
Gov. Brown's state budget projects an $8-billion pension payment next year

Jan. 13, 2017

"Brown's proposed budget includes a combined $8.1 billion for payments to the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS). Public-sector pensions are financed through a combination of employee contributions, taxpayer dollars and profits earned by pension fund investments."





http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-gov-brown-s-state-budget-projects-an-1484338976-htmlstory.html

And he is still running a surplus, very impressive. See you don't have to follow the Republicans and "borrow and spend", you can actually pay for what you want.
Offline Profile Quote Post Goto Top
 
PATruth
Member Avatar

BuckFan
Jan 29 2018, 02:16 PM
Robertr2000
Jan 29 2018, 12:07 PM
Gov. Brown's state budget projects an $8-billion pension payment next year

Jan. 13, 2017

"Brown's proposed budget includes a combined $8.1 billion for payments to the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS). Public-sector pensions are financed through a combination of employee contributions, taxpayer dollars and profits earned by pension fund investments."





http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-gov-brown-s-state-budget-projects-an-1484338976-htmlstory.html

And he is still running a surplus, very impressive. See you don't have to follow the Republicans and "borrow and spend", you can actually pay for what you want.
Yes, CA's 1+ TRILLION dollar debt is truly impressive. The state with 12% of the population that houses almost a third of the welfare population.

IMPRESSIVE!!!
"No. No he won't. We'll stop it."
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Go to Next Page
« Previous Topic · Op EDITORIALS: personal & political governance · Next Topic »
Add Reply