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Thursday, November 02, 2006

Everything You Need To Know About Every State Bond Measure In Less Than 100 Words

California's 1999-2000 budget identified the total revenues from all sources as $75 billion.

California's 2006-2007 budget lists total revenues from all sources as $103 billlion.

Put another way, the annual revenues available to the State to spend have risen nearly 38% since 1999. THAT'S AN ADDITIONAL $28 BILLION EVERY SINGLE YEAR.

Thirty-eight percent. . . .$28 billion annually.

I'm thinking we are taxed sufficiently as it is. You want to fix freeways or levees, use the 38%, use the $28 billion annually.

Call me "Dr. No" on all the bond measures.


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