The Morning After Isn’t Always An Unpleasant Experience

In fact, state budget writers are rejoicing the morning after the June 15 filing deadline for quarterly tax payments.

Through the 15th, the state had received $1.1 billion in personal  income tax payments — $723 million of it arriving June 14 and June 15 — and $516 million in bank and corporations tax payments.

Businesses face penalties if they don’t pay by the 15th so it’s not surprising the Franchise Tax Board reported receipt of $1.2 billion in bank and corporations taxes on June 16.

Traditionally, there’s also a similar but less dramatic uptick in personal income taxes the day after the 15th.

There was: Collections climbed from [....]

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There’s a Key Senate Race June 22. One Candidate’s Views:

Dear friend, By now I’m sure you’ve seen the attack ads targeting me. These misleading ads are funded by some of California’s biggest corporations, who have spent over $700,000 trying to buy this election on behalf of my opponent, Sam Blakeslee. Corporate money is being funneled through PACs like JOBSPAC, whose major donors include big tobacco company Phillip Morris, big insurance company Anthem Blue Cross, and big oil company Chevron. (Editor’s Note: JOBSPAC is the campaign committee of the California Chamber of Commerce.) They’re using JOBSPAC to create a group called the “California Senior Advocates League,” which is really just a [....]

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Everyone Has Known At Least One…

 

“She was a part of my heart. Now she’s just a line in my face.”

-- Tom Petty, from his latest release, Mojo

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State’s June Revenue Collections Are On Track at Mid-Month

June 15th is the constitutional deadline for lawmakers to submit a budget to the governor. The deadline will be missed, as it usually is. Lawmakers meeting in a special two-house conference committee to reconcile the differences between the Senate and Assembly’s spending plans appeared nowhere near a deal June 15 on closing a $17.9 billion gap between revenues and spending commitments. Gov. Arnold Schwarzenegger also insists that whatever spending plan the Legislature sends him contain a $1.2 billion reserve – widening the budget gap. He also demands lawmakers include budget and pension “reform” in their package. Another reason for the delay, however, is [....]

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The Election May Be Over But Not The Chuck DeVore E-mails

Thank you. You are the best volunteers, supporters, and friends a candidate for office could ever wish to have. With your help we received more than 350,000 votes, garnering 19.2% of the vote after being outspent four-to-one. Remarkably, according to the Field Poll, I went from having only 18% name identification in October 2009 among likely voters in the Republican primary with 7% having a positive opinion and 11% having a negative opinion of me to 49% knowing of me on the eve of the election with 41% positive to only 8% negative name ID. Most significantly, our campaign effectively drove the issues in the 2010 Republican primary. Our campaign [....]

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In Honor of the World Cup Please Enjoy This Classic…

And Timely Monty Python sketch

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Campaign Spending on the June Ballot’s Five Propositions*

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Proposition 13

No Campaign Committees formed

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Proposition 14

YES — $4.85 million…………………………NO — $166,000

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Proposition 15

YES — $523,000…………………………NO — $232,150

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Proposition 16

YES (Pacific Gas & Electric Only) — $46 million…………………………NO — $110,123

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Proposition 17

YES (Mercury Insurance Only) — $15.6 million………………………….NO — $1.32 million

TOTAL – YES

$66.97 million

TOTAL – NO

$1.83 million

TOTAL SPENDING

$68.8 million

GOP Gubernatorial Nominee Meg Whitman spent $71 million of her own money on her campaign

*(From Secretary of State Contribution Reports)

-30-

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“Big Cat Fight” May Be Understated. This From Carly Fiorina:

Boxer Bites – Where Are The Jobs, Barbara? Barbara Boxer has spent a lot of time running around California on her rare, election year-driven trips out from Washington touting all the “jobs” she says have been created by the economic “stimulus” plan. In fact, today she’s headed to Riverside to tout “job creation.” Since she clearly didn’t check the facts before scheduling her bogus press conference today, we did – call it a public service. And, guess what? In Riverside County alone, the unemployment rate has risen two percentage points since the stimulus passed. Unemployment In Riverside County Has [....]

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