Who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop. We look at the projections going out to about 5 . Those are remarkable swings in terms of that revenue collection as it relates to Capital Gains on the overall revenue. That said, the
I think we passed out the larger format of the budget people are rummaging through but let me begin as we often do with a slide that has become more and more familiar, not just to those who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop
Nightly news. Reporting tonight from washington, peter alexander. Good evening. Its already been an epic summer of fierce wildfires and punishing heat. The temperatures again soaring into the triple digits out west. At least 17 fires are burning across droughtstricken california, well ahead of last years pace. And dangerous months there is still to come. The situation in california is so dire that the u. S. Forest service pulled firefighters from all 50 states and puerto rico to help. A move veteran fire Officials Say they have never seen before. We begin with Gadi Schwartz on the front lines. It means even more wildfires. It means two separate fires near los angeles overnight. One threatening 500 homes. The other torching cabins and scatters wildlife. Its brutal. When you get the temperature and the wildlife involved. It makes for very challenging physically. More triple digit temperatures as 13,000 firefighters now battle 17 wildfires. These crews are working in extreme heat. Its 103
May be threatened and 50 to 100 of those already may have been destroyed. Peter. Gadi schwartz, thank you. Te whns of thousands of travelers faced long delays or cancellations by major problems at an air Traffic Control system in virginia. It started on the east coast and spread well beyond. Kristen dahlgren is at Laguardia Airport tonight. Kristen, good evening. Good evening to you, peter. The faa says the system is back in service. Things slowly getting back to normal. I just checked the board inside laguardia. Only three departure delays. Still a dozen on arrival. Tonight up and down the east coast there are many passengers still stranded. At d. C. Reagan nationalhihis afternoon, the only thing going up was frustration. It shouldnt be like this. Planes werent going anywhere. According to the faa, the glitch was in a tracking Computer System based in leesburg, virginia. Supposed to help route High Altitude traffic near the nations capital. So this is what the airspace looked like for
Nightly news. Reporting tonight from washington, peter alexander. Good evening. Its already been an epic summer of fierce wildfires and punishing heat. The temperatures again soaring into the triple digits out west. At least 17 fires are burning across droughtstricken california, well ahead of last years pace. And dangerous months there is still to come. The situation in california is so dire that the u. S. Forest service pulled firefighters from all 50 states and puerto rico to help. A move veteran fire Officials Say they have never seen before. We begin with Gadi Schwartz on the front lines. It means even more wildfires. It means two separate fires near los angeles overnight. One threatening 500 homes. The other torching cabins and scatters wildlife. Its brutal. When you get the temperature and the wildlife involved. It makes for very challenging physically. More triple digit temperatures as 13,000 firefighters now battle 17 wildfires. These crews are working in extreme heat. Its 103