Posted: 8/10/2009 12:08:39 PM EDT
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Here is what our CA-Legistlature is doing come November 2009:
News Article SACRAMENTO, CA - Come November, you may notice your paycheck is a bit smaller. As part of the state budget fix, lawmakers are "borrowing" future income withholding taxes in order to raise $1.7 billion for this fiscal year. "It's not raising taxes. It's just getting the money, borrowing from you for a short period, non-interest bearing, and you'll get it back later," explained Sacramento accountant Ken Astle. Astle said that taxpayers can file a DE-4 form to change withholdings and increase exemptions to compensate for the extra withholdings. Taxpayers will get their money back come tax time in 2011, unless they underpaid their withholdings.   
In addition, the state is also requiring individuals and business that make estimated tax payments to pay more earlier - another accounting move that is designed to help the state balance its budget this year. Critics charge that the state is only delaying the task of balancing the budget without accounting gimmicks. _____________________________________ I don't know about you folks, but the state employees have already had (3) furlough days amounting to a 15% cut in pay, and now this. 
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it will make the whole ordeal easier to .....
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Quoted:
That is a VERY poorly written article. Exactly what is the State doing? What are the specific provisions? What bill/law is this a part of? That's what I don't get either. Who gave them this authority, some law ? If I was a city manager or county CAO I would tell the state to piss off, they get what we give them. What could they do about it. |