The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: deeno who wrote (12763)	8/20/2003 7:42:09 PM
From: Lizzie Tudor	Read Replies (1) of 306849

you think a 20% across the board spending cut 1) is possible due to federal mandates and 2) will cover 38 billion in deficits? No way. Do you know what REVENUES were for CA last year? Read it and weep. lao.ca.gov We are going to need a 50% cut in the budget to cover this mess. California is 38% in the nation in property tax revenues. cbp.org Take the young out of the mix, people that bought in the 90s and you are left with a group with the LOWEST property taxes in the country. Hard reality for the "cut the waste" crowd.

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