Which Way, L.A.?
Who Will Rescue California from Its Sad Fiscal Shape?
A think-tank with ties to President Obama estimates that California will get about $63 billion from his stimulus package; $19 billion would go for individual tax cuts and the rest would fund infrastructure projects, healthcare, schools and unemployment benefits.
By Warren Olney • • 1 min readA think-tank with ties to President Obama estimates that California will get about $63 billion from his stimulus package; $19 billion would go for individual tax cuts and the rest would fund infrastructure projects, healthcare, schools and unemployment benefits. Ten billion of that would help reduce the $42 billion budget shortfall, not enough to avoid big tax increases and major cuts in spending. Are Californians ready for what lies in store?
