Re:Schwab Leaves San Francisco for Texas
by jyounker on Saturday November 30, 2019 @10:05PM
(#21673555)
It gets even better. Because commercial property taxes are so low, the state is forced to rely more on income and sales taxes. Unfortunately these taxes source are affected much more by recessions. Things go to crap, and the state's coffers empty out.
Welcome to why California has budget problems in recessions!
Welcome to why California has budget problems in recessions!