From the Land of Fruits and Nuts comes the following tax refund
update - including the possibility that the State "may" start issuing IOU's instead of refunds.
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Dick
California Update
Feb 20, 2009
3 Replies
We used to go through that nonsense annually in Illinois. Some of us learned to apply refunds to taxes owed for the following year.
The legislature was finally embarassed (after hearing from enough constituents screaming "bloody murder") and began paying a portion of taxes collected into a special fund sufficiently large to pay anticipated refunds.
Arnold is suposed to sign our budget tomorrow (Friday, April 20, 2009). We better not IOU's with a budget in place.
Your "news" is a month late.
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