Furloughed Tax Collectors to Cost State $1 Billion?

In California's crazy financial calculus, it's once again one step forward, two steps back

By Jackson West
|  Thursday, Aug 27, 2009  |  Updated 6:13 AM PDT
View Comments (
)
|
Email
|
Print
Furloughed Tax Collectors to Cost State $1 Billion?

Getty Images

The cost of producing the latest feature for Governor Arnold Schwarzenegger in the role of tough guy taking on the establishment may cost California nearly as much as it saves.

advertisement

State tax collectors forced to take days off through Governor Arnold Schwarzenegger's furlough program for state workers won't be able to keep up with the work -- and may cost the state $1 billion in uncollected tax revenue.

The state faced a budget shortfall of over $20 billion this year, and any money lost will count against what will likely be another deficit next year.

The entire furlough program, including forced days off for employees of the tax equalization board, is only expected to save $1.3 billion.

So, 1.3 steps forward, one step back.

Maybe the former pot smoker might make the money back again by supporting a tax on marijuana? It wouldn't make California any more of a budget-busting laughingstock than it already is.

Jackson West can only sigh and exclaim, "Good times!"

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out