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[quote=urbanlife78;41585450]Not really, California is 17.3% of their GSP and Texas is 15.7%, both are not alarming for either state.
I have traveled in both states. In southern California, the infrastructure is crumbling.. Northern California isn't quite so bad. Roads and bridges are particularly bad in Southern California. These items are not even addressed substantially in the current Ca budget.
Texas infrastructure has been tested due primarily to the influx of growth within the state. There is a massive infrastructure renovation going on in Texas at the moment.
If you looked at the links I provided, you will also note that significant industry is leaving Ca. Not all of it is moving to Texas, but with each business that does leave the state, so does revenue to the state.
Texas has more businesses coming into the state. There isn't the exodus that California is exhibiting.
This coupled with the continuing drought that has plagued California is continuing to drive people away from the golden state. I have family living in California, and I wish them no harm, but continued taxation and drought are going to continue to drive business and residents out for the foreseeable future. With each business and resident that leaves, revenues decrease.
I have traveled in both states. In southern California, the infrastructure is crumbling.. Northern California isn't quite so bad. Roads and bridges are particularly bad in Southern California. These items are not even addressed substantially in the current Ca budget.
Texas infrastructure has been tested due primarily to the influx of growth within the state. There is a massive infrastructure renovation going on in Texas at the moment.
If you looked at the links I provided, you will also note that significant industry is leaving Ca. Not all of it is moving to Texas, but with each business that does leave the state, so does revenue to the state.
Texas has more businesses coming into the state. There isn't the exodus that California is exhibiting.
This coupled with the continuing drought that has plagued California is continuing to drive people away from the golden state. I have family living in California, and I wish them no harm, but continued taxation and drought are going to continue to drive business and residents out for the foreseeable future. With each business and resident that leaves, revenues decrease.
Thanks for your subjective opinion.....but when you look at it more objectively, you would notice that both states rank average.
I've heard they will need to double their property taxes in the next couple of years to pay their bills in Chicago. Illinois already has the highest proportion of residents desiring to leave their state of the 50 states, just imagine what's going to happen when they double those property taxes...gonna get ugly.
Well the city currently has one of if not the lowest property tax rate in the entire metro area - so at least it has that going for it. It's not doubling taxes, but doubling part of the property taxes covering the pensions, so it's going up around 18% overall.
The way they're going to do it is to actually REDUCE (which I think is completely stupid) property taxes on houses worth $250,000 or less, then raise taxes slightly on the rest of houses worth more than $250,000, and then put the a large majority of the tax increase on business/income real estate property. Apartment buildings, office buildings, etc.
I think they should at least raise the taxes on housing in Chicago to a fair degree. Seems silly to reduce property taxes for everyone who owns a house less than $250,000, and then even if you own a $15,000,000 mansion see only a small increase. I mean the pain is real, the need for funds to cover the pensions is real. It's unforunately time to raise the property taxes in the city, they've held back doing so for decades.
Even if they double taxes in the city.....they're still going to be the third lowest property taxes of anywhere in the metro area. It's the suburbs that are being property taxed to death, not the city.
The city's budget is actually not totally blown and can be fixed - it's the PENSION mess that's the real issue here. The city won't go bankrupt like Detroit. They're two totally different animals. Detroit had no more options left to even run the operating budget. Chicago's operating budget is ok, but it really needs to stabilize the pensions, which have been raided for decades and decades.
The state on the other hand - is a complete disaster. At least the city is more rational and trying to figure things out. The state is wayyyyy worse financially than the city and the state is full of crying children who are sitting around as we move into month 5 of having no state budget.
Meanwhile the income taxes in Illinois went DOWN this year from 5% to 3.75%. Can you imagine that? The state is having a huge finanial crisis and they let the income taxes reduce by 25%.
Every minute that goes on with Illinois kicking the can down the road and not fixing its revenue and expense problem is billions more in debt that's adding up. It's like having a job that pays $1,000 a month and then living in a house that has a $2,000 a month rent....month after month after month...while you try to figure out the problem with your finances.
Then they tried to reduce retired teacher pensions....
But please, please, keep telling us Illinois isn't going bankrupt because Moody's and the other bond ratings agencies says they're heading in that direction more and more.
No, this huge mess is an even BIGGER mess now because they didn't raise the taxes - they actually have reduced the income tax rate in the state by 25% over what it was last year.
Nice try, so basically drought in Texas is okay, but drought in California is bad. By your own logic, businesses should be moving out of Texas because they too have a drought.
Nice try, so basically drought in Texas is okay, but drought in California is bad. By your own logic, businesses should be moving out of Texas because they too have a drought.
We have had some relief from our drought. As is clear from the site you chose, the drought in California is significantly worse. The demands on water are larger in California as well.. There is a sizable larger population to support with limited resources. Frankly I am opposed to the continued migration of people to Texas.
We have had some relief from our drought. As is clear from the site you chose, the drought in California is significantly worse. The demands on water are larger in California as well.. There is a sizable larger population to support with limited resources. Frankly I am opposed to the continued migration of people to Texas.
And with this coming El Nino winter, California too will be seeing some relief, as will Texas I believe. So your weak attempt to use the drought for your argument continues to be weak. And true, California is about 12 million people bigger than Texas.
These people already pay ridiculously high taxes. Many of them are leaving the state. The politicians are spending too much money and they have made too many promises to future retirees that they cannot keep. Voters are sick of politicians who can't spend responsibly.
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By your own logic, businesses should be moving out of Texas because they too have a drought.
And true, California is about 12 million people bigger than Texas.
