Things are looking rough for California residents in 2024. A nearly $100 billion dollar surplus has been turned into $73 billion (and growing) deficit.
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ToggleSadly, the solution from Sacramento seems to be doubling down on the policies that are causing many of these issues. New changes to the law have been proposed that will be voted on later this year designed to make it easier for California politicians to raise taxes.
Keep An Eye On Prop 13
In addition, this approach seems poised to try and challenge the one thing that has at least kept property taxes at bay – proposition 13.
More Money Or Less Spending
Instead of making the needed budget cuts to meet needs, the typical tendency to take more in tax revenue ends up encouraging more residents to leave. Of course, the biggest earners – and therefore the biggest contributors to tax revenues – see the economic landscape they face in California and decide to leave the state all together.
Today, we will chat about all that and get a feeling for what everyone will be facing in 2024 in California.
Check Out The Last Show!
The 50 Year Home Mortgage
Is the 50 year home mortgage a good idea or a bad one? In todays show we will talk about exactly that. We will review the idea from the perspective of the buyer, seller and the community at large.
