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alstry (35.71)

Sale Tax Evaporation Confirm Zombulation Nation

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December 14, 2009 – Comments (11)

I know everybody knows this and we should all buy municipal bonds despite the fact that tax receipts are evaporating...but for those select few that might still want a different perspective from the pancake perspective:

Cities and counties in California are losing millions of dollars in sales tax receipts due to slower retail sales, compared with last year.

In the most recent data available from the state Board of Equalization, jurisdictions around the state got $244 million in October, 14.5 percent less than they got in October 2008 as their share of the state's 8.25 percent sales tax. One percent from the sales tax — $1 on each $100 of sales — goes back to cities and counties.

But the pain is not being shared equally. Better off areas are generally seeing a smaller drop-off in sales tax receipts. A few jurisdictions saw their sales tax receipts increase.

San Francisco got $6.9 million in October, 9.2 percent less than the $7.6 million it received in October 2008.

The comparison with last October is interesting because the economy had already begun dropping at that point. Statewide, cities and counties got 6.2 percent less in October 2008 than they did in October 2007.

http://www.bizjournals.com/sanfrancisco/stories/2009/12/14/daily12.html?surround=lfn

COULD YOU IMAGINE HOW BAD THINGS WOULD BE IF WE WERE NOT BORROWING TRILLIONS OF DOLLARS AND PRETENDING OUR ECONOMY WAS DOING OK????????????

What happens when there are a lot of hungry people wanting pancakes and few cops and firefighters left?????

San Diego - 200 Layoffs

Update: Minneapolis Officers - 41 At End of Year

Tucson AZ - 140 Officers and Firefighters Face Layoffs

Hancock County Sheriff's office - 7

Update: Vallejo Police Department Ca - 7 , and 17 Demoted by Jan 1 

Des Moines Council - Expect to Cut 5 Officers Jobs Tonight

Upper Merion Township Police Department - Furloughs or Layoffs

IF WE DON'T RESTRUCTURE SOON.....SOON THERE WILL NOT BE MUCH LEFT TO RESTRUCTURE..........

11 Comments – Post Your Own

#1) On December 14, 2009 at 11:23 PM, jddubya (< 20) wrote:

LOL - I just got a big chuckle out of this one:

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=273958&t=01002130057764754273  Alstry Really Signing Off For a While

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October 09, 2009 – Comments (36)

Things have now become clear to me...

Why Obama won the Nobel Prize

Why Russia, China and others are moving away from the dollar to a new currency

Why we attacked Saddam Hussein for selling oil in a currency other than dollar

Why Iran is now doing the same thing

Why Russia and China have a mutual defense pact with Iran

Why the stock market is going up despite collapsing revenues and a PE over 100

Why revenues to our local, state and federal governments are evaporating

Why the BLS is lying about unemployment

Why the Fed is simply monetizing contrary to public represenations

Why Congress has failed to bail out the citizens while bailing out the banks

Why our nation is shutting down....especially now that government is slashing

Why so few are cognizent of the true condition of our economy....

The reason is far beyond the scope of CAPS and let's hope it resolves quickly.....when it does I will be back......and yes MOAP did come by 9.09.......to all good luck and may the Feeling pass quickly for all that our affected....for when it does, the future will be bright indeed.

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#2) On December 14, 2009 at 11:37 PM, alstry (35.71) wrote:

JD,

I am sure you get a chuckle out of watching hungry people and unemployed police officers......

Enjoy your chuckling for now, as he who laughs last.....laughs best.

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#3) On December 14, 2009 at 11:43 PM, alstry (35.71) wrote:

And I get a big chuckle on how you sift through everyone one of my blogs in such detail......no one on caps devotes anywhere as near as much time to me as you do........thanks for the devotion and offering such a significant portion of your life to Alstrynomics.

Your devotion to my blog is truly inspiring....may I suggest making some pancakes.

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#4) On December 15, 2009 at 12:01 AM, alstry (35.71) wrote:

1.01.10........A Natural Cutoff

Altru Health System will close two of its seven Home Services branches at the end of the month, officials announced Monday.

Joyce Simmons, manager of home care and hospice, said the closings in Mayville, N.D., and Karlstad, Minn., had been considered for “quite a while” and a formal decision was made in the last few weeks.

“The demand for our services has really decreased in both of those areas, and it was felt that it just wasn’t economically feasible to continue,” she said.

The decision was made to close the branches Dec. 31 because the date is a “natural cutoff” for Altru’s billing cycle. Simmons said the department will continue to provide services to about 80 communities in North Dakota and Minnesota.

The downturn in the economy had “an impact” on the closing decision as well, Simmons said, as does the low Medicare reimbursement rate for health care providers. “As reimbursement stays stagnant and our expenses and costs increase, it becomes more and more difficult to provide those services,” she said.

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#5) On December 15, 2009 at 12:39 AM, alstry (35.71) wrote:

Canadians hoping to travel overseas during the holiday season may encounter some problems as British Airways cabin staff plan to strike.

The crew members are expected to walk off the job for two weeks starting Dec. 22. According to the Unite union, 92.5 per cent of its members voted in favour of the job action. The union has said it is still willing to negotiate.

Employees are opposed to job cuts and work practice changes they claim have been imposed illegally by the airline in an effort to cut costs.

BA plans to cut thousands of jobs, freeze wages and offer lower pay to new employees to ride out the global recession.

It still isn't known exactly which flights could be affected by the job action.

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#6) On December 15, 2009 at 8:20 AM, jddubya (< 20) wrote:

ALSTRY'S FINAL BLOG!!!!

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#7) On December 15, 2009 at 9:14 AM, alstry (35.71) wrote:

Has anyone noticed how jd never attacks the data and simply Alstry........

If jd simply debated the data....maybe jd would actually have a value on this blog....

It is interesting how someone can devote so much of their life sifting through old blogs simply to attack the messenger and not the message

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#8) On December 15, 2009 at 11:13 AM, jddubya (< 20) wrote:

LOL - Sorry Al, if you think that quoting you is an attack then you've got some really big paranoia issues.

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#9) On December 15, 2009 at 11:23 AM, alstry (35.71) wrote:

simply an observation.....of an obsession.......;)

I am flattered......it brings me pleasure that I can consume up so much of your life with such productive endeavors.

 

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#10) On December 15, 2009 at 11:28 AM, jddubya (< 20) wrote:

Welcome to 9.09.....40% Unemployment!!!!!!!
September 07, 2009

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#11) On December 17, 2009 at 4:14 PM, mawnck (< 20) wrote:

Welcome to 9.09.....40% Unemployment!!!!!!!
September 07, 2009

Link, please?

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