California Budget History Flashcards
Why do the Republicans believe we have a budget crisis?
Too much spending; need to cut spending
Why do the Democrats believe we have a budget crisis?
Taxes are too low; need to tax more
What is the real reason we have a budget crisis?
We spend too much and don’t tax enough
What are the top three sources of revenues in the CA budget?
Income tax, Sales tax, and Corporate tax
What are the top four spending priorities in the CA budget?
K-12 education, Health and Human Services, Higher Ed, and prisions
When the CA legislature was given a huge surplus, what did they do with it?
Cut taxes and increases annual spending
What should they have done with it?
Spend it on Capital Projects, Invest in the infrastructure, or spend it on vegas
What does the CA voter do to make the CA budget worse?
Ballot Box Budgeting
What are some examples of Ballot Box Budgetiting?
^Tough on Crime *3 strikes *Jessica's Law *10-20-Life ^Something for Nothing ^Bonds ^Special Funds
How do CA voters feel about crime in this state
they have tough stances against it.
What caused the deficit of 2002
Tax cuts and Economy
Why is it difficult to increase taxes in California
Republicans
What did prop 30 do?
1 to 3 % increase on incomes $250,000 and up; Sales Tax increased by 1/4 cents
What is the current state of the CA budget?
Improving economy; projected surplus in billions
What are some of the near-future expenses were not prepared for?
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