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Politics : PRESIDENT GEORGE W. BUSH
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To: Lizzie Tudor who wrote (451309)9/1/2003 6:30:19 PM
From: Gordon A. Langston  Read Replies (1) of 769668
 
Davis's handling of the energy crisis is only part of the reason we are broke. CA, like the US, has a regressive tax policy based on workers. We lose a lot of jobs, as the nation has done, and guess what- we are broke. Its just that simple. Other big states have higher property taxes than CA so they are more insulated from economic shifts.

Had Davis handled energy better, we would not be AS broke, but we'd still be broke.

I don't think it's quite that simple but you are correct that relying on personal income tax and not as much on property tax has played a part. You might think that would encourage the legislature to not project budgets based on anything but population growth and inflation. I think we would have had a manageable problem if that were the case and not be paying junk bond rates for help from Wall Street.

Revenue in CA rose substantially (about 28% over 4 years) and yet the government was able to spend even more. Now Davis is appointing every judge and board member he can to hamstring the future, not that it's a surprise. State worker employment rolls have grown while as you know unemployment claims have risen. Not a good trend.

Net ex-migration from CA for the 5 year period 95-2000 is -755,000 which is similar to NY's over -800,000. The major flows from both were to neighboring states. Who do you think is leaving or does it make a difference when you consider it's a brand new trend?




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