CALIFORNIA PUBLIC PENSION RUNS DRY: GOV BROWN WANTS 141% VEHICLE FEE, 42% GAS INCREASE AFTER LAST 50% SPIKE

Posted on January 15, 2017

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Breitbart: “Despite tax collection increasing by 50 percent in the last 9 years, California’s public pension insolvency is forcing Gov. Jerry Brown to propose a dangerously unpopular 42 percent increase in gasoline taxes and a 141 percent increase in vehicle registration fees. Breitbart News reported on January 9 that Gov. Brown announced that for the first time since 2012, California’s $122.8 billion General Fund Budget is in deficit by $1.6 billion. Despite a near bankruptcy during the financial crisis, California’s tax revenues have increased by about $43 billion in the last 9 years. Brown on Monday only suggested relatively painless spending reductions to close the budget gap. He was very careful to not suggest highly controversial increases in gasoline tax or vehicle fees.”

“Democrat governors have been regularly spiking gas taxes and vehicle registration fees for decades. But 12 years ago, Democrat Gov. Gray Davis was recalled by voters after he pushed the state legislature to pass a vehicle registration fee increase from $46 to $158.
The legislature cancelled the increase and Democrats have avoided gas and vehicle increases since. When the Assembly tried to revive a gasoline tax last year, the issue was dropped after polls showed 63 percent voter opposed any increase.”

The 2017-18 budget includes a public pension increase of more than half a billion dollars which Brown is attempting to fund once again with increased registrations and gas taxes. How high can they go before the public says ¿No más?


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Breitbart: Jerry Brown Wants 42% Gas Tax Hike to Bail Out CalPERS

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Posted in: News, Politics