In response to:

Taxifornia Lessons

David3036 Wrote: Dec 11, 2012 4:17 AM
In the 1970s, California voters were fed up with property taxes going up and up. Home values were in the same type of steep climb as in the 2000s, before the bubble burst. Cities and counties were having a wonderful time spending all that windfall tax money. Then voters passed Proposition 13, the Jarvis-Gann Initiative, limiting the growth of property taxes. Municipal and county governments and publice-employee unions cried foul, issuing dire warnings about public safety -- the same fear-mongering that is going on now. Jerry Brown was governor then, and he nearly bankrupted the state by bailing out the cities and counties. Now he's governor agiain, and "local assistance" is by far the largest share of those budget numbers above.
Texas Chris Wrote: Dec 11, 2012 11:42 AM
Two things drive property values up in California: federal ownership of land, and federal regulation on the use of privately owned land through environmental initiatives.

Odd how most problems can be traced back to the federal government...
scott s. Wrote: Dec 11, 2012 2:34 PM
I would say the California Coastal Commission has a much bigger effect. It causes prices to rise along the ocean and that works its way inland.
The Teleprompter Speaks Wrote: Dec 11, 2012 5:03 PM
There are a lot of local restrictions on development, too.

California revenue is up from a year ago. Unfortunately, California revenue is not up as much as expected, while spending is up way more than expected.

Please consider California Finances in November 2012 by state controller John Chiang.

November's tax receipts fell 10.8% short of expectations contained in the 2012-2013 State Budget, although they were above the year-ago level. Total revenues year to date are now 2.6% less than anticipated at this time, with shortfalls...