Sales tax revenues in Santa Ana are dropping quicker than home values as frightened consumers stop spending, exotic car dealerships go out of business, and strip malls lay vacant.
The fees Santa Ana charges developers have disappeared as construction ground to a halt.
Property tax revenues are dwindling as home values decline.
Once again Santa Ana needs millions of dollars to meet its huge, overstated payroll. Therefore it is raising water rates for the second time in nine months. The City Council says this will only be an average of $4 per month, per customer. My [...]
Extend the Bush tax cuts? Economic stimulus? I’m sorry. Come again? Will W even begin to fathom the monstrosity of his economic policies before it’s too late? If the 80′s brought ‘yuppies,’ then this decade brings the ‘tubbies.’ The tubbies are those people who, already fat, made themselves fatter at the expense of market stability. [...]
