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Calif. Tax Refunds To Be Delayed Starting Feb. 1


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http://apnews.myway.com/article/20090116/D95OF36O0.html

Jan 16, 3:40 PM (ET)

SACRAMENTO, Calif. (AP) - California's controller says he will begin a 30-day delay on tax refunds and other payments starting Feb. 1 because the state is running out of money.

Controller John Chiang said Friday he must delay $3.7 billion in payments next month because lawmakers have failed to address California's growing deficit.

With a $41.6 billion shortfall over the next year-and-a-half, the state is on the brink of issuing IOUs.

Chiang says his office must continue education and debt payments but will defer money for tax refunds, student aid, social services and mental health programs.

A severe drop in revenue has left the state's main bank account depleted. The state had been relying on borrowing from special funds and Wall Street investors; those options are no longer available.

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this is bullshit, i was looking forward to all this money, if i knew this was going to happen, i wouldn't have held it out claiming zero this entire time.

we didn't delay paying taxes, we should get our money when it's due

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meh federal taxes is where the big money is anyhow

very true, sac county takes my lil check anyway so fuck em. well see what happens im going to h&r @10am in the morning.

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So, this only effects the state taxes, NOT the federal?

I hope so

I figured federal still came from the state you live in, not the actual federal reserve

oh well

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meh federal taxes is where the big money is anyhow

heard that x2 on this statement. but i do agree with red navi. if we paid it we should get it back. we already get jooked on taxes anyway. anytime money transfers hands it gets taxed. spent and made which i think is some bullshit. and they wonder why motha fuckas be sellin crack trees and crys. oh ya fuck tha police.

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So, this only effects the state taxes, NOT the federal?

I hope so

I figured federal still came from the state you live in, not the actual federal reserve

oh well

o snap! i hope we dont get jacked for everything. :cray: :cray: :cray: :cray:

REST IN PARADISE BIG RICH (Sqmonte) never forgotten

Why do you guys ALWAYS dispute on NUMBERS?????

It's such a played out argument, so fucking annoying....

It's 12 fuckin 15's.... It's louder than you... Shut the fuck up...

/Rant

:)

I'm so jealous, it makes me want to club baby seals. That shit gets down HARD!

dont buy from knowledge he will scam you.

http://www.stevemeadedesigns.com/board/topic/30995-official-knowledge-feedback/

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So, this only effects the state taxes, NOT the federal?

I hope so

I figured federal still came from the state you live in, not the actual federal reserve

oh well

yea federal wont be touched just state

if you look at your federal tax check...if you get one its made out form the US treasury not a state office

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