California Deficits And Taxes 2024

Things are looking rough for California residents in 2024. A
nearly $100 billion dollar surplus has been turned into $73
billion (and growing) deficit.


Sadly, the solution from Sacramento seems to be doubling down on
the policies that are causing many of these issues. New changes
to the law have been proposed that will be voted on later this
year designed to make it easier for California politicians to
raise taxes. 


In addition, this approach seems poised to try and challenge the
one thing that has at least kept property taxes at bay -
proposition 13. 


Instead of making the needed budget cuts to meet needs, the
typical tendency to take more in tax revenue ends up encouraging
more residents to leave. Of course, the biggest earners - and
therefore the biggest contributors to tax revenues - see the
economic landscape they face in California and decide to leave
the state all together.


Today, we will chat about all that and get a feeling for what
everyone will be facing in 2024 in California.


 


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A case study in how I get better results than other real estate
agents or brokerages:
https://soldbyrobert.com/2020/08/breaking-every-record-for-my-clients/3444
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My goal is to share my insights and opinions relating to real
estate so that you can make the best possible decisions in
achieving your real estate dreams. If you are interested in
buying, selling or investing anywhere in Silicon Valley, Morgan
Hill, San Martin or Gilroy - I would love an opportunity to
discuss with you what I can do to help you get the best outcome
possible!