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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (14419)	10/29/2003 6:56:47 PM
From: LindyBill	Read Replies (1) \| Respond to of 793622

Thanks for the numbers, OMD. And, welcome aboard! Rolling back the increases solves the problem, but you need people in Sacramento who are willing to do it.

To: Original Mad Dog who wrote (14419)	10/29/2003 7:02:54 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 793622

This shows revenues as much lower than your article. lao.ca.gov If California really did have a (balanced) budget of 86.1 billion in 94/95, and we are significantly below that now in 2003 (as my article suggests, the chart looks like about 68 billion revenue 03) then we are in deep kimchee, for the basic reason that healthcare costs and especially drugs have almost tripled. If, after the internet growth in the 90s and huge companies that have been built in this decade with profits to match (orcl,csco etc were shadows of themselves in 94- which was a bear market year for tech)- California has NOTHING to show for it in terms of increased tax revenues then we've got a serious tax problem. There is no point supporting business if you are actually WORSE OFF in tax receipts after 10 years of the most torrid growth in history don't you think? Fiscal Year 1994-95: $ 86.1B Fiscal Year 1995-96: $ 90.2B Fiscal Year 1996-97: $ 95.9B Fiscal Year 1997-98: $100.2B (Gray Davis elected, November 1998) Fiscal Year 1998-99: $109.6B Fiscal Year 1999-00: $122.2B Fiscal Year 2000-01: $137.7B Fiscal Year 2001-02: $145.8B Fiscal Year 2002-03: $166.8B Fiscal Year 2003-04: $154.7B (projected)