Larry Mantle |

The mess known as California's budget

It's that time of year for competing state budget proposals, and all the exaggerations that come with them. Monday, Senate Democrats released their proposal. That followed the governor's May revision, which proposed serious cuts and elimination of state services.

Tuesday, Assembly Democrats put out their version, which includes a tax on oil that's extracted here in California. Though many Democrats have proposed an oil severance tax in recent years, they may feel emboldened by the BP disaster in the Gulf. If oil companies were disliked before, they're probably reviled today.

If you could craft your own budget for California, what would it include? Should business taxes be increased? What about personal income taxes? Should all the balancing come from cuts?