Big Win for REALTORS - You must read this!

Update!

Independent Contractor Withholding Proposal NOT in Budget!!

Big Win for REALTORS®!

 

The governor and legislative leaders have reached agreement to bridge the $26.3 billion state budget gap.  According to legislative sources and newspaper accounts, the agreement does NOT include the 3 percent independent contractor withholding proposal. However the official budget language is not yet in print. C.A.R. will follow up with additional details when they are available.  The agreement includes about $15 billion in state budget cuts, as well as $2 billion in cuts to, and another $2 billion in borrowing from, local governments.  A vote on the budget in both houses is planned on Thursday and it is expected that the agreement will receive the votes needed to pass.