Posts Tagged: $12 billion
Mesenchymal stem cells are injected into the knee of a patient. (Photo: Wikimedia Commons photo, via VT Digger)
They could be called the “UC Caucus,” although that may presume too much. Nonetheless, they come from an institution that has pulled down $1.2 billion from the California state stem cell agency, more than any other enterprise during the last 16 years.
Monica Nava and her 1-year-old daughter Clementine, who suffers from the "bubble baby" affliction. (Family photo).
The story about Jakob, Sheersha and Clementine is a 6,000-mile biomedical tale that spans the Atlantic. The story ranges from the Saskatchewan River in Canada to the dusty Tehachapi mountains in drought-plagued Southern California. And it is a story of children with a terrible and rare genetic affliction known as the bubble baby disease.
Paul Gann, center, author of the 1979 initiative governing excess tax revenue, and Howard Jarvis celebrate the passage of Proposition 13. (Photo, June 1978/ AP file)
OPINION: Let’s not confuse Gov. Gavin Newsom’s proposal to provide $12 billion in new stimulus checks with the state’s constitutional mandate to return excess revenues to taxpayers. That seems to be the goal of those who believe taxpayer refunds are a bad idea and are looking for ways to keep a greater part of the newly announced state surplus to spend.
The state Capitol in Sacramento, the seat of California government. (Photo: Always Wanderlust, via Shutterstock)
That $26 billion dollar “windfall” that California lawmakers learned about last month may not withstand a second round of economy-squelching lockdowns, and the risk of losing what little leverage they have is a top concern for state budget writers.
A California school classroom. (Photo: Monkey Business Imagesd, via Shutterstock)
An initiative to reclaim up to $12 billion for California public schools and local communities could make its way onto the ballot in November 2020. Proponents of the measure say it will force large corporations to pay their fair share in property taxes. The Schools & Communities First initiative would amend the current property tax law established under Proposition 13 in 1978.