Legislative Analyst, State of California
Legislative analyst for the State of California
PROFILE
Mac Taylor
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FROM Mac Taylor
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Projected Deficit Is Much Higher than Anticipated Next year's state budget deficit will be $19 billion, as previously predicted, but this year's budget is $6 billion out of balance, making a grand total of $25 billion. That's according to non-partisan California Legislative Analyst Mac Taylor in a report out today.
Which Way, L.A.?
Budget Gap Is 'Awful,' Legislative Analyst Says Governor Ronald Reagan said he was so opposed to income tax withholding in California that his feet were in concrete. When he finally approved it, he said, "The concrete cracked." Last week the concrete cracked around Governor Schwarzenegger's feet. In addition to spending cuts to help solve the state's fiscal crisis, he called for an increased sales tax and a $12 annual vehicle license fee. Although fellow Republicans in the legislature still insist that's the wrong thing to do, especially in a recession, the non-partisan Legislative Analyst has chimed in, calling the Governor's proposals " credible " but differing over some details.
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