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To: mt_mike who wrote (183)	1/15/2003 1:02:13 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 1210

I dont have much hard data on state distress, but tidbits... Calif raising taxes, reducing services, no choice this will send the state's fragile tech-heavy economy further into recession, with real estate implications worsening, consumer spending definitely worsening Tonka reports that WashDC gas bill has risen 300% not a state issue, but a tidbit nonetheless Mass2shits property taxes have risen in the 80-100% neighborhood renting in king!!! this is backside to the property appreciation, which locals seize upon for justifying tax hikes with no millage rate increases gonna get much uglier talk here in Pennsylvania of increases in state income tax but denials by newly elected Governor I think he will raise inctax despite his pledge, citing fiscal distress we already have a 6% sales tax, and 1% surplus sales tax within Pitt I think PA has far higher taxes than Mass2shits, which is incorrectly labeled Taxachusetts no, states cannot print money, and must either reduce spending or raise debt issuance in this K-Winter climate, they wont be able to raise much more debt not unless it attains junk status, yielding 10% I see a big problem upcoming with tax-free municipal bonds and their mutual funds my parents have a large block in these, and they have not done well the selling pitch in late 1999 was by a nice (but clueless) lady) who had been working my parents' growing estate for years, and said... "I have more than tripled my money in these since the mid-1980's" my reply to her a year later, after subpar performance, when invited into the discussion by my parents was... "wont interest rates offered by munis have to go to about 1/2 of 1% for that performance to be duplicated?" she did not answer me, but turned to my quizzical little mother I would love for folks here to cite their local state stories in brief what is up with property tax? with income tax? with sales tax? with major necessary services? thanks, jim