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Form W 9 for Arlington Texas: What You Should Know

Regulation. Form W-9 (Return of Contributions or Other Tax) — can be received by anyone (employee, partner or employer) or by the employee's personal account with an institution such as Fidelity or Bank of America, Inc. DE 9 Form — DE 6 Form — Dated March 4, 2015, California Budget Summary • Budget 2023 • Legislative Analyst's Office This information has been prepared to provide an explanation of the State of California's fiscal challenges by analyzing current law. This material is provided for general informational purposes only and does not constitute legal or tax advice. You should consult a competent financial, tax or legal advisor before making any decisions or taking action, on this material or any other facts set forth herein. The following information is not a substitute for the analysis provided by your local business and financial advisor. Before acting as a financial or tax advisor to any person, including any party, you should do your own analysis. Callers' Fiscal Challenges Current law imposes fiscal constraints on public employee labor compensation that were created as a result of the economic downturn after World War II. For example, prior to a fiscal crisis, state agencies negotiated individual salary increases through an annual round of collective bargaining. During a fiscal crisis, agencies may be unable to afford such increases because of declining revenues. In the aftermath of a fiscal crisis, state agencies must either reduce the number of state workers or seek alternative compensation arrangements. Because salary increases have a significant direct impact on salaries and total compensation, it is the State's fiscal position that is at issue, not the relative value of services provided to different state employees. Fiscal Challenges are a result of multiple forces. State agencies face challenges in a number of areas: 1) The decline in state appropriations, especially those for salaries and benefits, due to revenue loss caused by declining revenues. 2) In addition to decreasing state appropriations, State agencies are required to pay rising interest and other principal payments as they refinance or fund borrowing. 3) With declining revenues, there are no longer any major revenues available to pay for a wide range of employee compensation costs, including pension benefits. 4) The declining revenue has raised the risk of a fiscal crisis for state agencies.

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