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Old 02-03-2009, 02:17 PM
PeppyGPhiB PeppyGPhiB is offline
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Join Date: Aug 2006
Location: The Emerald City
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If I'm correct, California's property taxes are high. And what do we all know is happening in California right now? Plummeting home values and associated property taxes, plus there are a whole lot of people who are not paying ANY property taxes anymore because they've had their homes foreclosed on. If the state is used to getting a big chunk o'money from property taxes and wasn't able to adjust its state budget accordingly, that's how they might've gotten in this mess.
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