Just three years after taking office and inheriting a $26.6 billion budget deficit, Governor Brown now has a projected general fund SURPLUS of more than $5 billion. It may be more, depending on how you count it, and the amount of cash received between now and May, when the economic forecast and budget is revised and finalized. Year to year revenue growth of the $100 billion general fund is projected at 6% or $6 billion dollars, but December estimates are already $2.3 billion higher than previously projected. Under current estimates, the year-to-year gaps between spending and revenues have been erased for the foreseeable future. Strong stock market performance is driving significant increases in capital gains and this is driving a revenue bonanza for the state of California. The stock market surge, combined with the November 30, 2012 passage of Proposition 30 that raised personal income tax (PIT) by 3% on the wealthiest taxpayers in the state, is responsible for this surplus. Top PIT … [Read more...] about California’s Fiscal Outlook 2014-2015 — A Multi-Billion Dollar Opportunity or Headache?
9 year old with headaches
Home? Schooling?Philadelphia lawyer Kelly Phillips Erb has already disclosed to her blawg’s readers that she has substantial student loan debt. This week at Taxgirl, she wonders why the government severely limits what student loan interest can be deducted from one’s personal income tax.“There are practically no restrictions on the amount of deductions you can take for buying a home,” she writes. But “you may not claim student loan interest if your income level exceeds $150,000 for married couples filing jointly or $75,000 for individual taxpayers. Additionally, the amount of your student loan interest deduction is capped at $2,500.”Erb notes that Congress is currently debating whether to allow an increase on existing student loan rates. “They’ve already made it harder to default or discharge student loans in a bankruptcy than other forms of personal debt, making it easier to be irresponsible at Macy’s than it is to pay off your … [Read more...] about Around the Blawgosphere: Why Can’t We Deduct Student Loan Interest from Taxes?; 10-Year Blawggers
The 52-year-old Nebraska woman spent five years dealing with what she thought were chronic allergies. The truth, however, was a little more disturbing.Kendra Jackson was leaking half a pint of cerebrospinal fluid–the liquid in which your brain is floating right now–every day for five years. Doctors told her that it was merely a chronic allergy problem, despite warning signs like the constant salty taste in the back of her throat. Despite near-suicidal desperation, Jackson pushed through the constant headaches and endlessly runny nose. Jackson suffered difficulties working, eating, playing with her grandchildren, and even lost her sense of smell.“My body was changing, my lifestyle was changing. I couldn’t sleep, I can’t smell and I had to carry a box of tissues with me everywhere,” she said. Jackson had enough. She said: “I woke up and I was so miserable, and I thought “I’m going back to where I was born, to a learning hospital and … [Read more...] about Woman’s Five-Year Runny Nose Was Her Own Brain Fluid
Watering holes near the main entrance to Coors Field are suffering an alarming customer drought during what should be the high season for sports bars. Their owners blame a natural gas pipeline project that Xcel Energy says is dragging on far longer than expected. Meters along Blake Street from Park Avenue West to 19th Street are covered with red bags, forcing potential patrons of bars like the 23-year-old Sports Column to park in lots blocks away. The meters will be bagged for as long as the installation of a new 20-inch natural gas main continues. That is killing business at the Sports Column at 1930 Blake St., where lunch traffic is down by 50 percent and worker hours are being slashed. “If I’m not making money, then my employees are not making money,” manager Kyle Hesseltine said. It’s bad all around.” The months surrounding the Colorado Rockies season usually help establishments recover from a slow winter, Hesseltine said. “Months like … [Read more...] about Pipeline project causes parking headaches for sports bars near Coors Field
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by ByThomas Kaplan July 23, 2018 PETERSBURG, N.D. — Before Senator Heidi Heitkamp spoke to constituents in this tiny rural town, population 175, Mary Ann Dunbar confessed that she had reservations about Judge Brett M. Kavanaugh, President Trump’s nominee to the Supreme Court. But Ms. Dunbar, a 67-year-old social worker, was not about to press her Democratic senator to take a stand against the judge, as she fretted that a vote against a Trump nominee could jeopardize Ms. Heitkamp’s already difficult bid for a second Senate term in a state where the president is popular. It wouldn’t be worth it. “I think you have to be realistic,” she said. “He’s probably going to win anyway, and if it makes the people of North Dakota happy, then I’d rather have her there.” As … [Read more...] about A Supreme Court Vote Is Just One of Heidi Heitkamp’s Headaches