California Budget Thwarted by Voters
California budget measures voted down
Governor Schwarzenegger had high hopes when he laid out plans in the California for out to deal with his state’s huge deficit.
Turns out his hopes were too high. Voters rejected the California budget measures by a pretty hefty margin.
Read their lips: no new sales tax
One measure [...]
California Sales Tax Goes Up 1 Percent
Most will now pay 9 percent
Starting today, state sales tax in California is 6 percent. With added local sales tax from various regions in California, most Californians will now be paying about 9 percent sales tax.
Retailers are worried this could drag purchases of expensive items such as cars and furniture [...]
California Passes Budget | Short Term Loans Help Close Budget Gap
Loans, taxes, spending cuts to aid debt
The California Senate has finally agreed on a budget that closes the state’s $42 million budget shortfall through short term loans, tax increases and spending cuts.
The Assembly approved the budget minutes after the Senate, and now the budget only awaits the governor’s signature.
Final approval
After [...]
Counties Sue California | No Cash Advances Until Budget Passes
Trouble in the Sunshine State
Two counties in California are suing the state controller to get their cash advances for social services. California Controller John Chiang last month said he would put tax refunds and some other payments on hold for 30 days while state lawmakers try to come to an [...]
Payday Cash Advance Loans, Straight Outta Compton
McGray on Payday Cash Advance Loans
Douglas McGray’s November 7 New York Times feature article “Check Cashers, Redeemed” gives readers a glimpse into a world that the media drones on about when they’re in a “who will pull them up by their bootstraps” monotone diatribe when it comes to payday cash [...]
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