UPDATE 2-California counties, cities to fight budget deal | Markets | Markets News | Reuters: "LOS ANGELES, July 21 (Reuters) - The day-old pact among California leaders to close the state's $26.3 billion budget gap came under fire on Tuesday as county and city governments threatened to sue to block a plan to seize local tax revenues as part of the deal.
City and council officials vowed to seek a court order barring the proposed diversion of $2 billion from local redevelopment agencies and $1.7 billion in highway tax collections into state coffers to help close the budget deficit."
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Can you imagine how bitter this is going to get?
1 comment:
Will this lead to a "fee" on HOA assessments? Triple property taxation in Prop. 13 post 30, anyone?
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