The Sacramento Bee reports that at $21 Billion deficit has been estimated for California over the next year and a half. This is due largely to failed predictions about the success of the newest budget plan. The governor has begun discussions surrounding further budget cuts and possible tax increases.

Click Here to read the article.

As this article from FoxNews.com describes, liberal legislative practices have left California in shambles with astronomical taxes and a hemorrhaging state budget. However, it wasn't always like this. At one point, conservative legislative practices like those that passed Prop. 13 were responsible for growing California to be one of the strongest economies in the world. Now, conservatives have a prime opportunity to take the state back and grow it to the power it once was.  Read more >>

Sacramento -- This Thursday, Howard Jarvis Taxpayers Association president Jon Coupal will appear as a featured speaker at “The California State of Emergency Conference and Dinner” in Santa Barbara County. The event will focus on issues vital to California’s struggling economy and private property rights.

WHO:
Jon Coupal, President of the Howard Jarvis Taxpayers Association
A crowd of 800 attendees and concerned Californians
Also: Steve Milloy, from JunkScience.com
Damien Schiff, Pacific Legal Foundation  Read more >>

Kiplinger.com has published a Guide to Taxes on Retirees for each state in the U.S. Under the California section, the guide describes the state as a “retiree’s tax nightmare.” It goes on to detail California’s exorbitant sales, income and property taxes.

Click Here for the U.S. overview.
Click Here for the California section.

In Case You Missed It:

The Economist
“The Future of America: California vs. Texas”

Sacramento --- The following article (excerpted) is featured in this week’s edition of The Economist, contrasting the differing governments of California and Texas, and their distinctly different results:

The Economist
“The Future of America: California v. Texas”  Read more >>