California Dreamin'

From - Advisor Perspectives
January 31, 2013 - 12:45pm

Jan 31, 2013 Eric Schaefer  On Election Day, November 6th, 2012, Californians who went to the polls were greeted with a raft of state-wide ballot initiatives. Eleven propositions in all - 30 through 40 - covered the spectrum of fiscal, political and social issues. When the votes were tallied, five of the eleven passed. Two which passed directly impact California's chronic fiscal woes. Propositions 30 and 39 were never very well camouflaged tax increases on the affluent and business, respectively. In the latter case, those businesses which derive significant sales in the state but have few employees or facilities....More...

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