Thursday, May 21, 2009

"High" Time For CA ( and Trinidad ) Taxes?



partial repost PublicCEO.com
James Spencer
May 21, 2009
at Public CEO.com


Weeks ago, when Gov. Arnold Schwarzenegger mentioned it may be time for California to “open the debate” on allowing the recreational use of marijuana, he lit up the eyes of legalization advocates everywhere.

He also peaked the interest of those who keep a watchful eye on the state’s budget issues.

The Office of Assemblyman Tom Ammiano, a Democrat from San Francisco, claims an initial estimate of $1.3 billion in new revenue to the state if his AB390 legalization bill passed. A share of that would go to local governments, said Quintin Mecke, communications director for Ammiano.

“All sales tax would still be applicable, that’s not including local fees,” Mecke said. “Municipalities could certainly take advantage of that.”


Complete Post: BUDGET DEFICIT HITS HIGH TIMES (link)

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Thank you for taking time to read and respond to my Post. A quick sentence stating your opinion will be much appreciated - it's the reason I'm blogging, Mike