Fiscal revenue at the state level

 Roughly 40% of personal income tax, roughly 33% consumption tax, corporate income tax accounted for 8%. However, some states have already appeared in the 2008 survey had signs of declining tax revenue, so some states have fiscal year revenue for 2009 was reduced. In the first half of this report, many states did not measure the economy is so down in the second half. In the second quarter of the state finance statistics, the consumption tax has declined by 1.4%, corporate taxes have declined 8.3%,Discount UGG boots, gasoline taxes have fallen by 3.4%.

Wall Street is still a financial aftershocks. But the financial earthquake that triggered a comprehensive economic recession, like the tsunami after the earthquake, is Cuikulaxiu to sweep the U.S. economy. In a silent front cover to the economic crisis, the former glamorous and powerful

10 3, to 700 billion emergency U.S. rescue package passed soon, California Governor Arnold Schwarzenegger to the U.S. Treasury Secretary Henry Paulson wrote a letter to California because of short term financial statement balance of payments problems, a few weeks, will be paid in cash on hand and exhausted, the federal government may need to apply for a seven billion U.S. dollars in emergency loans to support the government of California to provide basic public services.

Arnold on Friday said at a news announcement.

Income tax and other traditional state government's main source of income, has dropped significantly.

15 个 blood loss, finance market has almost expired. Banks and other traditional lenders because of fear of short-term financing,UGG shoes,

Therefore, Arnold pointed out that the traditional short-term funding markets often rely on call loans in California, but also may be other state governments, has been plunged into complete

exceptionally important to the body organs of blood, has been from the blood vessels that end, it is gone.

frenzel House of Representatives has already served nearly 20 years of House members, is now the Bush administration trade policy and negotiations committees. Also served as co-chair of the Federal Budget Committee. Lately xfrenzel House of Representatives Washington, DC think tank at the famous Johns Hopkins Foundation's short-term visiting scholars.

State of California that the impact would be huge.

it may have many states, not just a California, found himself being drawn to violate their own constitution. .

muni bond) issue bonds on the market, but these revenues can not be used as a government-run funds, can only be invested in income-security infrastructure, such as airports and highways. Finally, just as Arnold said,bailey UGG boots, the state government has been unable to borrow in the short term lending markets (debt). The traditional, when state government experience short-term payment problems, such as payment of salaries of civil servants needed tax revenues failed to timely fashion, they will make short-term borrowing through this channel. Therefore, the California government has no way to think. to the Federal Government, through the loan is a last resort they had.

the state. October 7th day of his extremely busy, he just attended a dialogue at the local radio stations in California, and California Secretary of the Treasury bill lockyer a dialogue.

It sujit measure, nearly five states have met with very similar problems in California. These state of emergency relief funds needed, according to his estimate, it had risen to tens of billions of dollars. California has always been the federal government open, measure the other states are going to follow, to the federal requirements for emergency relief.

(Editor: Luan Shen Yan)

recession caused tax revenue fell

According to our reporter to find a fiscal year 2008, an October 7 release of

According to The report by the American League and the American governor of the state budget in June this year, league officials announced. According to the reported data, 15 states have state-level fiscal revenue exceeded expectations, met expectations in 14 states, but there are 20 states not meeting revenue expectations. Fiscal revenue at the state level, roughly 40% of personal income tax, consumption tax, roughly 33%, corporate income tax accounted for 8%. Measure, such as Louisiana, in the 2009 fiscal year, the consumption tax will be reduced $ 60,000,000, personal income tax will be reduced by $ 10,000,000, Minnesota, consumption tax will be reduced by $ 77,000,000 estimate.

in the first half of this report, many states did not measure the economy is so down in the second half. Such as California, in the 2008 fiscal year begins, there is a surplus of 3.9 billion, and to measure the fiscal year 2008 revenue will reach 101.2 billion U.S. dollars, spending will reach 103.3 billion U.S. dollars, end of fiscal 2008 earnings will still have 17 billion.

on October 7 by the authority of nelson rockefeller institute of government published signs. Related to reading in August that the economy has been in 36 states declined, durable goods consumption in the third quarter has dropped 4% over last year, sharply down 50%. In the second quarter of the state finance statistics, the consumption tax has declined by 1.4%, corporate taxes have declined 8.3%, gasoline taxes have fallen by 3.4%.

The national unemployment rate has been high in 6% in September, the report forecasts that the major state tax base will certainly be a significant decline in the future. The report also pointed out that because of the collapse of the capital markets and capital markets leads to decline in the economic downward spiral, all references to capital markets, individuals, such as financial company executives, corporate executives, and so superior high-income groups also occurs significantly sharp drop in personal income. In a progressive tax system, these high-income groups are important contributors to personal income tax. Cut out of their income, will certainly lead state personal income tax has fallen sharply.

finished.

began to improve. But as the economy began to have problems in 2007, California's revenue began to fluctuate. so they would have started to use state budget stabilization fund. . In this wave is almost heaven, when the recession hit California, but is rather embarrassing to find that the government, not their own to prepare for the economic winter According to



(Editor: Luan Shen Yan)

Therefore, the difficulties faced by California and other states, the hands of options, only



difficult to pass these proposals. at least have a debate on the process.

frenzel House of Representatives that, for loans made in California to the request of the Ministry of Finance, will consider the current government almost impossible. Because a few months, the new government will govern. Therefore, California to the federal government throws this

frenzel congressman pointed out that from the process point of view, if the new government wants to help California, and must, like this rescue bill, by promoting legislation to complete. This will take some time.

the burden of so many, such as the recently passed 700 billion emergency rescue plan.

Members sigh to.

3 (Editor: Luan Shen Yan) Wall Street is still a financial aftershocks. However, a financial earthquake that triggered by overall economic recession, like the tsunami after the earthquake, is Cuikulaxiu to sweep the entire U.S. economy. In a silent front cover to the economic crisis, the former glamorous and powerful

10 3, to 700 billion emergency U.S. rescue package passed soon, California Governor Arnold Schwarzenegger to the U.S. Treasury Secretary Henry Paulson wrote a letter to California because of short term financial statement balance of payments problems, a few weeks, will be paid in cash on hand and exhausted, the federal government may need to apply for a seven billion U.S. dollars in emergency loans to support the government of California to provide basic public services.

Arnold on Friday said at a news announcement.

Income tax and other traditional state government's main source of income, has dropped significantly.

15 个 blood loss, finance market has almost expired. Banks and other traditional lenders because of fear of short-term financing,

Therefore, Arnold pointed out that, traditionally, often rely on borrowing money short-term financing market in California, but also may be other state governments, has been plunged into complete

exceptionally important to the body organs of blood, has been from the blood vessels that end, it is gone.

frenzel House of Representatives has already served nearly 20 years of House members, is now the Bush administration trade policy and negotiations committees. Also served as co-chair of the Federal Budget Committee. Lately xfrenzel House of Representatives Washington, DC think tank at the famous Johns Hopkins Foundation's short-term visiting scholars.

State of California that the impact would be huge.

it may have many states,cheap UGG boots, not just a California, found himself being drawn to violate their own constitution. .

Being a government operating funds can only invest in income-security infrastructure, such as airports and highways. Finally, just as Arnold said, the state government has been unable to borrow in the short-term lending markets (debt). the traditional , when the state government to pay short-term problems encountered, such as the need for payment of salaries of civil servants and tax revenues could not keep up with time, they will be short-term borrowing through this channel. Therefore, the California government has no way to think. to the federal government borrowings is their last resort of the.

the state. October 7th day of his extremely busy, he just attended a dialogue at the local radio stations in California, and California Secretary of the Treasury bill lockyer a dialogue.

It sujit measure, nearly five states have met with very similar problems in California. These state of emergency relief funds needed, according to his estimate, it had risen to tens of billions of dollars. California has always been the federal government open, measure the other states are going to follow, to the federal requirements for emergency relief.