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California's budget plan balanced with risky assumptions

The Los Angeles Times, 3 july 2012
Publié le : 3 juillet 2012
 Chris Megerian 
SACRAMENTO — Gov. Jerry Brown has bet a portion of California's financial health on the expectation that a hyperpartisan Congress will change course on a hotly debated tax policy this year.

The budget Brown signed last week assumes that over the next four years the state will reap almost $2.3 billion from the federal estate tax, a levy on wealth inheritance. California hasn't collected any revenue from the tax since 2004, and if Congress sticks with current policy it won't in the coming years, either.

"It seems most likely the state will see no such revenues," said Jason Sisney, a deputy at the nonpartisan Legislative Analyst's Office, which advises lawmakers on financial matters. A report from that office last fall warned that California should not anticipate otherwise.

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Mise à jour le 3 juillet 2012
Créé le 3 juillet 2012
ISSN 2107-7029
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