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California State Tax
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Housing Slump Pinches Almost Half of State Budgets, Report Says (Bloomberg.com)
Dec. 10 (Bloomberg) -- The end of the U.S. housing boom is cutting into the revenue of nearly half of state governments as a slower economy crimps tax collections from New Jersey to California, according to a report by a state lawmakers group. State Investigators Find Lead In Children's Jewelry (KCRA 3 Sacramento)
State investigators say they have purchased children's jewelry at retail outlets across California with unsafe levels of lead. State budget gap now $14 billion (The Sacramento Bee)
Gov. Arnold Schwarzenegger's finance officials are projecting a California budget deficit of roughly $14 billion, significantly larger than the $9.8 billion gap previously forecast by a state budget analyst, according to two sources who spoke to the governor. Dan Walters: State Fund scandal not alone (The Sacramento Bee)
State Insurance Commissioner Steve Poizner issued a highly critical report Tuesday on the shoddy, perhaps even illegal, financial practices of the quasi-public State Compensation Insurance Fund, California's largest workers' compensation insurer. Headline: Convoluted sentencing laws a key reason for California prison crowding (North County Times)
FOLSOM - When California adopted its criminal sentencing code 30 years ago, a state appeals court marveled that it was virtually incomprehensible, comparing it to income tax forms and insurance policies. Rubio to talk up tax cap (Bradenton Herald)
A grassroots tax reform movement could receive a significant boost next week when Florida House Speaker Marco Rubio travels to Bradenton to back the plan. State budget deficit balloons to $14 billion (KGO-TV Bay Area)
Because of the budget deficit increase, the state may be hiking the vehicle license fee to help raise money. Less Tax, More Growth (The Motley Fool via Yahoo! News)
The American Legislative Exchange Council (ALEC) just released its economic competitiveness ranking of the 50 mainland states for 2007. If you've been following this Fool around the map, looking for localized investment opportunities, I don't think the results will surprise you very much. State Deficit Even Worse, Pressure On Governor (CBS 13 Sacramento)
 The State's deficit seems to be getting worse, not better. Just when we thought California was in bad shape it appears that we are in more debt than we thought. State's budget deficit - a $14 billion crisis / Shortfall may force major boost in taxes and widespread cuts in ... (San Francisco Chronicle)
California's looming budget deficit has ballooned to an estimated $14 billion, creating a crisis that fiscal experts said Wednesday is likely to require higher taxes in addition to across-the-board cuts in education and other services. The last time the...
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