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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 t ....
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 , h ....
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 ....
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 ....