Who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop. We look at the projections going out to about 5 . Those are remarkable swings in terms of that revenue collection as it relates to Capital Gains on the overall revenue. That said, the
I think we passed out the larger format of the budget people are rummaging through but let me begin as we often do with a slide that has become more and more familiar, not just to those who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop
District, which is out in western pennsylvania. So gerrymandering, thats what were talking about right here. The Pennsylvania State Supreme Court ruled this week that all 18 of the states congressional districts need to be redrawn because they were gerrymandered to favor republicans. The Gopled Legislature has until february 9th to submit a new map. There is the current map there right now. A new map and Governor Wolf has until the 15th to send it back to the court. Well get Governor Wolfs response in a moment, but, dom, is there enough time to do this and do it right and do it so that all parties that need to approve it will approve it . I dont think so, and i object to it, to the broader point of what the courts have done. They clearly have just overstepped their bounds. I dont see how anyone would see it differently. The reason why there are 13 republicans in the state is because theyre spread out. Democrats are more in concentrated areas. This is ridiculous, this district. I get th
More than 1800 people died from the storm and flooding after more than a Million People had to be evacuated. The death and destruction along the gulf coast from florida to texas although the situation in new orleans is remember the most. They should get underway shortly. Live coverage here on cspan2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] its been 10 years since Hurricane Katrina slammed into the gulf coast. We will hear an update shortly from housing secretary Julian Castro and the housing and urban Development Recovery department. One of several programs on the anniversary of katrina. We will email but a program next monday at an allday form bean house did buy the atlantic. Thisll be hosted by the atlantic with fema administrator craig fugate. Looking at the Disaster Preparedness, how doors i
Facebook page. The president announced he will head to las vegas to visit with families and First Responders there. The white house yesterday offering words of condolence and comfort. [video clip] mr. Trump hundreds of our fellow citizens are mourning the loss of a brother, child, sister. We cannot imagine their pain, their loss. To the families of the victims, we are praying for you, and we are here for you. We ask god to help see you through this very dark period. Scripture teaches us the lord is close to the brokenhearted and saves those who are crushed in spirit. We seek comfort in those words for we know that god lives in the hearts of those who grieve. To the wounded who are now recovering and hospitals, we are praying for your full and speedy recovery and pledge to you our support from this day forward. Host that was at the white house. On capitol hill, there were calls from House Minority leader nancy pelosi to take a look at legislation dealing with gun measures, in fact formi