California's budget plan balanced with risky assumptions
Chris MegerianSACRAMENTO — 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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"California's budget plan balanced with risky assumptions ", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mars 2012. Consulté le 02/03/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/california-s-budget-plan-balanced-with-risky-assumptions-