Analyst Estimates Lower Tax Revenue Than Governor

SACRAMENTO, Calif. (AP) — California’s nonpartisan budget analyst is giving a more sober projection of tax revenue than the one contained in Gov. Jerry Brown’s proposal for the coming fiscal year, mostly because it forecasts less from personal income taxes.

If the Legislative Analyst’s Office is correct, lawmakers will have to consider more spending cuts, tax increases, borrowing or a combination.

The analyst released its overview of Gov. Jerry Brown’s proposed $92.6 billion general fund budget for the 2012-13 fiscal year on Wednesday.

The main disagreement is over how much will be brought in from the wealthiest Californians, who pay about 40 percent of income taxes. Brown wants voters to raise their taxes.

The difference in overall revenue between the governor’s estimate and the analyst’s is $3.2 billion, mostly in income taxes.

Copyright 2012 The Associated Press.

Comments

One Comment

  1. Fred says:

    OH NO! Better raise those taxes. JB lying agian, er, still.

  2. StewPadasso says:

    I think we should continue to increase taxes on the productive citizens until they leave the state of California.

  3. Tom says:

    Well what do you expect half the states on welfare right where the Liberals want us goverment dependent

  4. John says:

    Wait a minute! If they already know ahead of time (by estimating revenue) that there will NOT BE ENOUGH TAX $ TO COVER ALL COSTS, then WHY IS IT THAT THE STATE GOVERNMENT KEEPS SPENDING LIKE THERE IS NO TOMORROW?!?!?! For starters, THEY NEED TO CUT THOSE OVER-EXPENSIVE CONTRACTS THEY AWARD TO THEIR FAVORITE CONTRACTORS!!! FRIGGIN’ CROOKS!!

    1. Fred says:

      No John, you’re simply not enlightened. The only, I repeat only solution is more taxes. They can’t reduce spending, except where it hurts people that don’t want to pay more taxes. These pukes won’t cut welfare, their own salaries and a whole host of give away programs.

      No John, just bend over and grease it up, here come the liberal democrats.

      1. nothingchanges says:

        Grease it up ? No Fred they will try to stick it in dry ! LOL !

      2. Fred says:

        Point well taken

      3. ready for real change says:

        Perez would probably really enjoy that, him and his rubber duckies

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