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2008–2012 California budget crisis. Furlough at a California Department of Motor Vehicles office in 2009. The U.S. state of California had a budget crisis in which it faced a shortfall of at least $ 11.2 billion, [1] projected to top $40 billion over the 2009–2010 fiscal years. [2]
California faced a $26.3 billion budget deficit for the 2009–2010 budget year. While the legislative bodies appeared to address the problem in 2008 with the three-month delayed passage of a budget they in fact only postponed the deficit to 2009 and due to the late 2008 decline in the economy and the credit crisis the problem became urgent in ...
Elections in California. Proposition 30, officially titled Temporary Taxes to Fund Education, is a California ballot measure that was decided by California voters at the statewide election on November 6, 2012. The initiative is a measure to increase taxes to prevent US$6 billion cuts to the education budget for California state schools.
The same is true for quarterly payroll and excise tax returns, which ordinarily would be due Jan. 31 and April 30. But payroll and excise tax deposits due Jan. 8 will still have to be made by Jan ...
Is California’s tax burden worse than in Texas or Florida? For premium support please call: 800-290-4726 more ways to reach us
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
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