Under LAO Revenue Update, CA Budget Problem Could Reach $73 Billion
Posted by: thepinetree on 02/21/2024 09:54 AM
Sacramento, CA...The state already faces a significant deficit this year—we estimate it totaled $58 billion under the administration’s revenue forecast at the time the Governor’s budget was proposed in January. However, recent revenue collections data reflect even further weakness relative to those estimates. Specifically, our forecast is about $24 billion below the Governor’s budget across 2022‑23 to 2024‑25. All else equal, this means the budget problem is likely to be higher at the time of the May Revision. The actual increase in the state’s budget problem will depend on a number of factors, including formula-driven spending changes, most notably Proposition 98 spending requirements for schools and community colleges. (Due to specific circumstances this year, changes in revenues are unlikely to have a significant effect on the state’s other major formula-driven spending requirements, specifically related to Proposition 2.) Roughly, a $24 billion erosion in revenues corresponds to a $15 billion increase in the budget problem. This would expand the $58 billion estimated deficit to $73 billion under our updated revenue forecast.
The Net Lifetime Cost of One Illegal Immigrant to American Taxpayers Is $69,000 ~ Tom McClintock
Posted by: thepinetree on 02/20/2024 09:18 AM
Washington, DC...The Center for Immigration Studies estimates that on average, the net lifetime cost of an illegal immigrant is $69,000 - that's per person. Every illegal immigrant admitted into this country is a net cost to American taxpayers and is suppressing the wages of working Americans.
The Land & Home Company Will Help You Find Your Dream Property
Posted by: thepinetree on 02/07/2024 12:12 AM
Murphys, CA...If you are buying or selling, let us assist you with your real estate needs. Are you looking for a home in Murphys, a cabin in Arnold snow country, a ranchette in Angels Camp, big acreage or vineyard in the foothills, recreation land in the forest, we've got you covered.
Taxpayer Alert! with Al Segalla & Guest, Russ Thomas - CCWD Board Member
Posted by: thepinetree on 02/06/2024 12:11 PM
San Andreas, CA...Taxpayer Alert! is brought to you by the Calaveras County Taxpayers Association. http://ccta.camp8.org/ The Calaveras County Taxpayers Association is a non-partisan, citizen's advocacy group committed to promoting lower taxes and efficiency in the administration of public business. They keep a watchful eye on City, County, State, education and special district issues in an effort to promote the most economical use of our tax dollars. They recognize the human rights to liberty and property in a free society. Their goal is to work cooperatively with government officials to achieve a strong, balanced economy for Calaveras County. They network with, and support, the Howard Jarvis California Taxpayers Association, the National Taxpayers Union and other organizations of similar purpose.
Thank You for the 9,995,710 Page Views in December! Shop Local Even on Your Advertising?
Posted by: thepinetree on 01/31/2024 10:15 AM
Arnold, CA...Thank You for the 9,995,710 Page Views in December! That was a new December record for us and shows interest in our area continues to grow! When you advertise on ThePineTree.net not only does your message reach thousands of people per day we guarantee that a minimum of 80% of each and every dollar you spend with us stays in the Community. We only accept local ads & Your advertising investment is returned back into our coverage area in salaries, goods and services from local businesses.
President Joe Biden on Decision to Pause Pending Approvals of Liquefied Natural Gas Exports
Posted by: thepinetree on 01/26/2024 12:05 PM
Washington, DC...In every corner of the country and the world, people are suffering the devastating toll of climate change. Historic hurricanes and floods wiping out homes, businesses, and houses of worship. Wildfires destroying whole neighborhoods and forcing families to leave their communities behind. Record temperatures affecting the lives and livelihoods of millions of Americans, especially the most vulnerable.
Gross Domestic Product Roared in Fourth Quarter at 3.3% Rate! Third Quarter at 4.9%
Posted by: thepinetree on 01/25/2024 11:34 AM
Washington, DC...Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9 percent.
Hinterhaus's North Grove Vodka Named Best Varietal Vodka!
Posted by: thepinetree on 01/21/2024 09:16 PM
Arnold, CA...BIG NEWS this week for our distillery. Our North Grove Vodka earned the distinction of the Best Varietal Vodka in the USA from the World Vodka Awards! Later in February, it will go on to compete on the world stage in London against the other Best of Countries varietal vodkas!
Welcoming Remarks and Special Address by Klaus Schwab at Davos 2024 World Economic Forum
Posted by: thepinetree on 01/21/2024 09:47 PM
Davos, Switzerland...The 54th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability. This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.
