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Re: [RC] closing of CA state parks - Truman Prevatt

Diane Trefethen wrote:


Everyone wants THEIR funding protected and their projects untouched.  Maybe
those who bitch the loudest will be heard but the bottom line is that the well
is dry.  There is not enough revenue to cover a huge percentage of previously
free pass spending.  Welfare, parks, salary increases (Ha!  THE VOTERS PASSED
THAT ONE!), teachers, medical support, police, fire, you name it.  The MONEY IS
NOT THERE.


That is the crux of the problem. Not only have the politicians been unrealistic - so have the people. They want their taxes cut but they don't want their services cut - they want the other guys services cut. CA has been living on a bubble for years. FL has been living on a bubble for years. The housing cost in both states was several times over and above what it was worth - propped up by creative financial instruments. It crashed - the property devalues so the taxes the local and state governments got from property taxes goes down. The taxes from sell of property dries up. Unemployment goes up - tax revenues go down or in FL tourism goes down so does all the taxes collected from the taxes directed to tourist dollars.

The bubble is deflating and the house of cards is coming down. There is only two ways to balance the budget, raise revenue, cut cost or both. But when it comes to cutting cost - too ofter the population cries "cut the other guy." When it comes to raising revenue - too often the population cries "raise the other guys taxes." 

It will be very interesting to see how CA deals with its current financial woes. Closing parks may be just the tip of the iceberg if the problem is as bad as some of the articles I've read indicate. FL finally did manage to balance its budget but it took all the federal money to do it. CA has a bundle of that too but next year that is going to dry up.

Truman

--
“I maintain there is much more wonder in science than in pseudoscience

“I maintain there is much more wonder in science than in pseudoscience. And in addition, to whatever measure this term has any meaning, science has the additional virtue, and it is not an inconsiderable one, of being true.” Carl Sagan


Replies
Re: [RC] closing of CA state parks, K Owens
Re: [RC] closing of CA state parks, Diane Trefethen