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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (12769)	8/20/2003 7:58:00 PM
From: Lizzie Tudor	Respond to of 306849

Looks like we need some really really really really tough love, huh? The budget package, as passed by the Legislature, authorizes total spending of $98.9 billion. Of this amount, $70.8 billion is from the General Fund, $20.5 billion is from special funds, and $7.5 billion from bond funds. New Revenues. The budget incorporates new revenues from the triggered vehicle license fee (VLF) rate increase and renegotiated tribal gaming compacts. It does not, however, include the May Revision revenue proposals relating to new realignment taxes, the suspension of the teachers' tax credit for an additional year, or the extension of the manufacturers' investment tax credit. lao.ca.gov