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

To: Jim McMannis who wrote (236223)1/18/2010 3:53:28 PM
From: Cal AmariRead Replies (1) | Respond to of 306849
 
Where did all these budget gaps come from?

A) Too many expenses (esp. state employees / benefits / state employee retirees)

B) Not enough tax receipts (true unemployment near 19%, falling corporate tax receipts, etc.) to cover expenses.

Any other questions?



To: Jim McMannis who wrote (236223)1/18/2010 4:08:53 PM
From: Jim FlemingRead Replies (1) | Respond to of 306849
 
Jim McMannis re state and local tax increases.

Jim

Raising tax rates is easy, from now on, collecting will be the problem.

Jim Fleming


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