2009 August Budget & Tax News: Californians Reject Budget ‘Reform’

Issue Date: 
August, 2009
Newspaper PDF: 

In a May 19 special election called to address the state’s dire financial situation, California voters overwhelmingly rejected, by nearly a 2-1 margin, the main propositions Gov. Arnold Schwarzenegger and the state legislature had billed as “budget reform measures.”

Also in this issue:

* Lawmakers soundly rejected a 50 percent income tax increase called for by Illinois Gov. Patrick Quinn, opting instead to pass only a partial budget—a move that guarantees more budget wrangling this year.

* New Jersey’s income tax receipts fell an astounding 40 percent in April, suggesting tax revenue for fiscal years 2009 and 2010 could be more than $2 billion less than the Corzine administration’s March projection.

* The North Carolina Department of Revenue has delayed tax refunds and targeted large families for tax audits and extra documentation on dependents, including copies of birth certificates and Social Security cards, angering people across the state.

* Calls to tax sugar-sweetened soft drinks are growing louder, but studies show such taxes hit lower-income people hardest and almost never work as intended.

* Chicagoans have vandalized parking meters with spray paint, Super Glue, hammers, and even fire to express their rage at soaring parking fees and thousands of meters that don’t work.

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