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State Tax Boost Next Year Seen in 1966 Legislature
Sacramento UPI reports the 1966 California Legislature balanced a record 4.59 billion state budget without new taxes, but long‑term deficits suggest a tax increase next year. Budget officials warn a 350 million dollar shortfall may require higher taxes, while one senator predicts some tax rise is likely. Assemblyman Petris and other lawmakers debate reform and potential revenue shifts. The budget tallies reflect accrual accounting changes and a one‑time windfall from the shift, with currents to reform the property tax system and ease homeowner burdens.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Roy
Bell
Virgil O'Sullivan
Dwilliams
Senate Revenue and Taxation Commitee
Nicholas Petris
Oakland
House
Revenue and Taxation Committee
Edmund G. Brown
IS66
Brown
Petrig
John Knox
Richmond
State Board of Equalization