California Lunacy Thread

#529
#529

California’s Budget Deficit Swells To Record $68 Billion as Tax Revenue Falls​

The shortfall threatens to force the state’s deepest spending cuts in a decade.

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California’s budget deficit has swelled to a record $68 billion after months of unexpectedly low tax revenues, a shortfall that could prompt the state’s deepest spending cuts since the Great Recession.

The latest deficit figure — calculated by the nonpartisan Legislative Analyst’s Office and released Thursday — far exceeds the $14.3 billion estimate from June. The shortfall, which is the highest in dollar terms but not as a percentage of overall spending, threatens to upend the upcoming legislative year by forcing Gov. Gavin Newsom and lawmakers to make spending cuts on a scale few term-limited elected officials in Sacramento have faced.

While not minimizing the shortfall, state budget analysts said California has options to address the deficit — including the use of cash reserves, one-time cuts in spending and changes to the way it funds education — that it didn’t have in previous downturns.

www.politico.com

California’s budget deficit swells to record $68B as tax revenue falls

The shortfall threatens to force the state’s deepest spending cuts in a decade.
www.politico.com www.politico.com


While not minimizing the shortfall, state budget analysts said California has options to address the deficit — including the use of cash reserves, one-time cuts in spending and changes to the way it funds education — that it didn’t have in previous downturns.
 
#530
#530
Franklin Pierce said:

California’s Budget Deficit Swells To Record $68 Billion as Tax Revenue Falls​

The shortfall threatens to force the state’s deepest spending cuts in a decade.

View attachment 600730

California’s budget deficit has swelled to a record $68 billion after months of unexpectedly low tax revenues, a shortfall that could prompt the state’s deepest spending cuts since the Great Recession.

The latest deficit figure — calculated by the nonpartisan Legislative Analyst’s Office and released Thursday — far exceeds the $14.3 billion estimate from June. The shortfall, which is the highest in dollar terms but not as a percentage of overall spending, threatens to upend the upcoming legislative year by forcing Gov. Gavin Newsom and lawmakers to make spending cuts on a scale few term-limited elected officials in Sacramento have faced.

While not minimizing the shortfall, state budget analysts said California has options to address the deficit — including the use of cash reserves, one-time cuts in spending and changes to the way it funds education — that it didn’t have in previous downturns.

www.politico.com

California’s budget deficit swells to record $68B as tax revenue falls

The shortfall threatens to force the state’s deepest spending cuts in a decade.
www.politico.com www.politico.com


While not minimizing the shortfall, state budget analysts said California has options to address the deficit — including the use of cash reserves, one-time cuts in spending and changes to the way it funds education — that it didn’t have in previous downturns.
Click to expand...
there is that low revenue thing again, yet we are told the economy is humming. BS.
 
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#531
#531
townhall.com

Here's Why the Biden Administration Is Giving California Billions in Taxpayer Funds

townhall.com townhall.com

"The project was originally planned as a $33 billion project consisting of 1,955 miles of railway connecting San Francisco to Los Angeles. Since then, the cost has swelled to $113 billion and the project's scope has been dramatically scaled down to a 171-mile railway connecting Bakersfield, Fresno and Merced that isn't expected to be operational until 2030.

Overall, if the project is completed in 2030, it will have taken a decade longer than expected, while costing $80 billion more and being 91% smaller than originally planned. Because of its repeated shortfalls, the project has been dubbed by critics as the "train to nowhere."

Sounds like ObamaCare.
 
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#535
#535
stateline.org

From flush to faucet: More places look to turn sewage into tap water • Stateline

No large community in the U.S. is taking water from toilets and transforming it directly into clean drinking water — yet. But states and communities across the country are designing new plants that will do just that, giving communities more control over their water supply as the climate gets drier.
stateline.org stateline.org

as part of my career, i worked with wastewater pumps and was informed of forever chemicals, drugs and other toxins in wastewater..totally unpurifiable. Of course dilution is the solution. Thoughts?
 
#536
#536
Orangeburst said:
stateline.org

From flush to faucet: More places look to turn sewage into tap water • Stateline

No large community in the U.S. is taking water from toilets and transforming it directly into clean drinking water — yet. But states and communities across the country are designing new plants that will do just that, giving communities more control over their water supply as the climate gets drier.
stateline.org stateline.org

as part of my career, i worked with wastewater pumps and was informed of forever chemicals, drugs and other toxins in wastewater..totally unpurifiable. Of course dilution is the solution. Thoughts?
Click to expand...

The solution to pollution has always been dilution.

But yeah, I’m ready to go back to well water.
 
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#539
#539
There's a few threads this one could go in but CA initiated this crap. Cummins which is arguably the best, most fuel efficient diesel engine for pickups and OTR vehicles will be recalling close to a million units to reprogram the emissions. The reprograming will greatly reduce fuel efficiency and power which will lead to burning more diesel fuel and in the end cause more emissions than had they just left them alone. We've got 15 Kenworths that we expect to be recalled so I'm pissed.

Cummins to pay record-setting $1.675 billion US environmental fine
 
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#540
#540
hog88 said:
There's a few threads this one could go in but CA initiated this crap. Cummins which is arguably the best, most fuel efficient diesel engine for pickups and OTR vehicles will be recalling close to a million units to reprogram the emissions. The reprograming will greatly reduce fuel efficiency and power which will lead to burning more diesel fuel and in the end cause more emissions than had they just left them alone. We've got 15 Kenworths that we expect to be recalled so I'm pissed.

Cummins to pay record-setting $1.675 billion US environmental fine
Click to expand...
what a shakedown..
 
#541
#541
hog88 said:
There's a few threads this one could go in but CA initiated this crap. Cummins which is arguably the best, most fuel efficient diesel engine for pickups and OTR vehicles will be recalling close to a million units to reprogram the emissions. The reprograming will greatly reduce fuel efficiency and power which will lead to burning more diesel fuel and in the end cause more emissions than had they just left them alone. We've got 15 Kenworths that we expect to be recalled so I'm pissed.

Cummins to pay record-setting $1.675 billion US environmental fine
Click to expand...
and Btw..I doubt you see sheet like this with Trump..why I cannot emphasize enough there is a huge difference, even if one thinks they both suck.

CC has monsterous implications. And the border, and regulations.
 
#549
#549
reason.com

Why a huge budget deficit might be good news for California

California is facing a projected deficit of $68 billion, a larger amount than the entire annual budget of the state of Florida.
reason.com reason.com

When one considers the shoddy level of state services, it's easy to wonder where all this money goes. Here's one place, according to a state fact sheet: "The California Climate Commitment will bring California's multi-year climate investment to $53.9 billion—more than what most other countries are spending—to lead the world in fighting climate change, designed to involve and benefit all Californians." Despite that, state carbon emissions actually are increasing.
 
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