Fade
11-11-2008, 06:31 PM
California budget analyst recommends raising car license fee
By Jordan Rau
1:20 PM PST, November 11, 2008
Legislative Analyst Mac Taylor forecasts that the state will need to close a $27.8-billion budget gap in the next 20 months. He recommends a sales tax increase of 1 cent on the dollar.
Reporting from Sacramento -- While offering the grimmest forecast yet of California's finances, the Legislature's nonpartisan fiscal analyst recommended today that lawmakers pare back Gov. Arnold Schwarzenegger's proposed 1 1/2-cent sales tax increase and instead hike fees on cars.
In a new report, Legislative Analyst Mac Taylor forecast that the state would need to close a $27.8-billion budget gap during the next 20 months. That projection is more than $3 billion higher than the Schwarzenegger administration has estimated.
Story continued.... (http://www.latimes.com/news/la-me-budget12-2008nov12,0,5609466.story?track=rss)
By Jordan Rau
1:20 PM PST, November 11, 2008
Legislative Analyst Mac Taylor forecasts that the state will need to close a $27.8-billion budget gap in the next 20 months. He recommends a sales tax increase of 1 cent on the dollar.
Reporting from Sacramento -- While offering the grimmest forecast yet of California's finances, the Legislature's nonpartisan fiscal analyst recommended today that lawmakers pare back Gov. Arnold Schwarzenegger's proposed 1 1/2-cent sales tax increase and instead hike fees on cars.
In a new report, Legislative Analyst Mac Taylor forecast that the state would need to close a $27.8-billion budget gap during the next 20 months. That projection is more than $3 billion higher than the Schwarzenegger administration has estimated.
Story continued.... (http://www.latimes.com/news/la-me-budget12-2008nov12,0,5609466.story?track=rss)