But — It's Still a Phony Budget 0

John Seiler:

If a new budget passes as described in news accounts, Controller John Chiang should continue withholding legislators’ pay. That’s because the deal worked out between Gov. Jerry Brown and the dominant Democrats in the Legislature still would be a phony, unbalanced budget. Which still would be in violation of the Proposition 25 requirement to pass a budget by June 15, or legislators’ pay is docked.… Read more

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July 1 Tax Cut Will Boost CA Economy 4

NOTE: This article first appeared yesterday in Flashreport.org.

JUNE 28, 2011

By JOHN SEILER

Assuming Republicans in the Legislature stand solid, Californians could get an early Independence Day gift this year: tax cuts. And that gift will provide a needed boost to the state economy.

On July 1, the car tax drops by half a cent, from 1.15 percent to 0.65 percent.… Read more

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Redevelopment is Prop. 13 in Reverse

JUNE 28, 2011

by WAYNE LUSVARDI

To California redevelopment advocates, the policy brings the Midas touch to cities, turning everything into gold for the Golden State. Redevelopment fans point to all the beautiful new malls, restored Old Town business districts, industrial parks and mixed-use developments with trendy condos and apartments as self-evident proof that King Midas has visited them.

To cash-strapped cities, redevelopment has been a purported savior. … Read more

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Little Hoover Critiques Community Colleges 0

JUNE 28, 2011

By DAVE ROBERTS

If California’s educational system were a student, it would be made to sit on a stool in the corner with a dunce cap on its head.

Nearly one in four Californians is functionally illiterate, about a third of high school students drop out and 70-80 percent of the high school graduates who go on to college require remedial classes in English and math.… Read more

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Dem Budget Deals In Hope 0

Katy Grimes: Democratic legislators and Gov. Jerry Brown announced today that they have reached a majority-vote budget deal – without Republican votes or any of the reforms Republicans have pushed for.

Legislators will begin voting on the plan on Tuesday. Democrats and the governor claim that revenues will be up $4 billion over last year, but will still need cuts.… Read more

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Sales Tax Hike Expires This Week! 0

Katy Grimes: Finally some good news! California’s 1% sales tax surcharge is set to expire Friday, July 1 making our sales tax 7.25 percent, down from 8.25 percent.

A press statement just released today by Board of Equalization Member Senator George Runner reminded California consumers and retailers that California’s 1% sales tax surcharge is set to vanish July 1.

“This is great news for overtaxed California consumers and retailers who bear the sixth highest overall tax burden in the nation,” said Runner.… Read more

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Arnold: Blame Oprah 0

John Seiler:

Now Arnold’s blaming Oprah for his marital problems. Reports Celebs.gather.com:

Yes, the disgraced former California governator now blames Oprah Winfrey for the dissolution of his marriage. He’s recently learned that it was the talk show powerhouse/media mogul who convinced her oldfriend Maria Shriver to summon the courage to walk out of the marriage.

“Arnold had totally believed he could convince Maria to stay with him, and that she wouldn’t have left without encouragement,” claims an inside source.Read more

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