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badbrainstorm@lemmy.world

CA economy not doing so hot? (fedia.io)

submitted 1 day ago by Hello_there@fedia.io to c/california@lemmy.world

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I've seen a few worrying events in the past few days.

East Bay Area School district is talking about closing campuses, merging schools, selling of property, and $100M deficit over next 3 yrs
San Francisco School district sounding about the same
BART talking about closing a significant number of stations
CA budget deficit

It's stunning to me that all this is going on and somehow we're still not talking about increasing taxes on the wealthy or corporations.

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[–] I_Fart_Glitter@lemmy.world 1 points 1 day ago (1 children)

https://amp.sacbee.com/news/politics-government/capitol-alert/article314632793.html

https://www.latimes.com/california/story/2026-02-10/sen-bernie-sanders-california-billionaires-tax-campaign

https://www.bloomberg.com/news/articles/2026-02-10/california-wealth-tax-fears-have-billionaires-snatching-up-florida-real-estate

https://www.nbcnews.com/politics/elections/democratic-fault-lines-emerge-californias-billionaire-tax-proposal-rcna255184

[–] Hello_there@fedia.io 1 points 1 day ago

I'm aware of that proposal - however at least according to the school board presentation I saw, it wouldn't end the problem with the district's budget. And BART is pinning their hopes on a sales tax - one of the most regressive taxes possible. I think there's more room to go.