Ranking county officials in Los Angeles have criticized the California governor for his impending proposal to sell the Los Angeles Coliseum in order to plug the deficits of the cash-strapped state government.
Already, the state government had resorted to approving certain tax measures to raise enough funds to fill up these deficits. One of these measures was the increase in license and registration fees for vehicles.
However, many constituents were caught by surprise today when the state government announced its plans to sell some of the state assets to generate more revenues. Otherwise, many more state employees are expected to get their pink slips in the coming days.
Now, the state assembly can still think of some ways to raise for funds without really resorting to disposing of its revered assets just to raise revenues for the state operational expenses. If I recall it right, there was a proposal to allow the millions of illegal immigrants to secure licenses. But this proposal was killed for a lot of reasons.
Some observers claimed that allowing illegal immigrants to get their licenses would mean increasing the revenues of the state government. Besides, it will propel the car insurance business to new heights at this time when the auto industry across the country has gone nuts. In California alone, some 800 auto dealers selling mostly Chrysler vehicles got their closing notices from the mother company. With their closure, some 40,000 employees are expected to lose their jobs. This means more economic difficulties to their families and adding to the unemployment rate in the labor sector.
Perhaps, it is about time that the state government of California will come to its senses of reconsidering this notion to come into fruition. Many people have expressed optimism that once this is done, state revenues will surely increase 100 times fold.