http://money.cnn.com/2013/02/07/news/economy/california-budget/index.html?iid=Lead
now to fix this traffic issue and we're golden.
now to fix this traffic issue and we're golden.
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And like many states, California has yet to deal with its longer-term problems. The big whammies there include unfunded liabilities associated with the teachers' retirement system and state retiree health benefits.
California expects
temporary tax increases
The state is still highly dependent on income tax revenue from the wealthy, a notoriously fickle source
All of the state's budget figures and forecasts for the year are still guesswork. California will have a better idea of exactly how much revenue it will collect this year -- and whether it will still have a surplus -- when it issues its revised forecast in May.
Another risk is that lawmakers will want to restore many of the services and funding that were slashed during the Great Recession and its brutal aftermath. Brown has pledged continued fiscal constraint, but that can be difficult to accomplish politically.
And like many states, California has yet to deal with its longer-term problems. The big whammies there include unfunded liabilities associated with the teachers' retirement system and state retiree health benefits.
Okay, so they've balanced the budget for this year. So how about paying back the debt from all the previous years now?
Time for some raises!!
Time for some raises!!
And Per Diem.Brown, it's time for a COLA increase!
Meh, we'll compromise, 4.5k...215,563 employees (actual)
2B surplus (projected)
9K per employee (average) :thumbsup:
DREAM ON :biggrin:
http://money.cnn.com/2013/02/07/news/economy/california-budget/index.html?iid=Lead
now to fix this traffic issue and we're golden.
What I find interesting is the lack of liberal outrage at cutting 30,000 govt jobs and downsizing their budget by 10 billion off the backs of schools, health services, and the poor.
What I find interesting is the lack of liberal outrage at cutting 30,000 govt jobs and downsizing their budget by 10 billion off the backs of schools, health services, and the poor.
The new budget for next year increases spending in certain areas, particularly education. The general fund is projected to grow by 5%, to $97.7 billion.
The biggest issue I have is paying all the retired government and social services employees with our taxes.
Example - A fireman/policeman can work 30 years and then retire with something like 90% salary and full benefits. Plus they can get another job. Ok, that was cool and all when firemen started around 25, worked until 55, then died around 65 b/c of poor health. Nowadays, I know a 52 year old dude who retired from the policeforce after 30 years. The guy is healthy and will probably live another 30 years. So now we are not only paying his replacement to work as an officer, we are paying him as well.
The government employees should have to have 401k just the rest of us and play the market and save money. This whole guaranteed retired bull$hit has got to stop. I know a guy who is in the highest tax bracket. We did the math and after all the income tax, sales tax, etc. he really only keeps/spends like 30% of his money. It's GD depressing and I can't imagine how my kids are going to afford it.
!!viva la revolucion!!