The Sacramento Bee reports that at $21 Billion deficit has been estimated for California over the next year and a half. This is due largely to failed predictions about the success of the newest budget plan. The governor has begun discussions surrounding further budget cuts and possible tax increases.

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As this article from FoxNews.com describes, liberal legislative practices have left California in shambles with astronomical taxes and a hemorrhaging state budget. However, it wasn't always like this. At one point, conservative legislative practices like those that passed Prop. 13 were responsible for growing California to one of the strongest economies in the world. Now, conservatives have a prime opportunity to take the state back and grow it to the power it once was.  Read more >>

Sacramento -- This Thursday, Howard Jarvis Taxpayers Association president Jon Coupal will appear as a featured speaker at “The California State of Emergency Conference and Dinner” in Santa Barbara County. The event will focus on issues vital to California’s struggling economy and private property rights.  Read more >>

This article on NJ.com shows how similar tax policies have led to the financial collapse of both California and New Jersey. It also explains that since New Jersey lacks a policy like Proposition 13, the state government has pushed its debt onto its taxpayers to “balance” the budget.

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In this article on Forbes.com, Joel Kotkin describes what he sees as the "five culprits" in California’s financial devastation. These "culprits" have brought California down from being the seventh largest economy in the world, to having to issue IOU’s to its bill collectors.

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