Posted by Congressman Doug LaMalfa at 12:00 am on Sep 20, 2008 Comments Off on Budget Revisions Pass Assembly And Senate
Both bills to change the budget provisions asked for by the
Governor, tightening the rainy day fund from grabs by the
legislature,and exchanging the 10% higher
wage withholding for insteaddoubling thepenalty on
income of taxpaying employers that owe more than $1 million in
taxes,passed the Assembly and Senate. This heads off
the veto and veto override and should receive the Governor’s
signature on the entire budget document, probably Monday, after his
review.
SCA 30, the rainy day fund, tighter version, passed 57-15 in the
Assembly [before all vote adds or changes tallied]with all
Republicans and many Dems in support. The taxpenalty on
corporations, SB 28X passed by 42-31, with only Dem ‘aye’ votes and
at least 1 Dem no vote. [28X still had the rest of the
provisions that were in the previous version, AB 36XXX, including
various accelerated tax payments and others.]
The win for the day was a ‘rainy day fund’ [I still think it’s
a‘drought’ fund, like water behind a dam]that is more
difficult for the legislature to get its hands on; getting rid of
the unbelievable grab of 10%… Read More