Posts Tagged: $40 billion
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 fire truck, a first responder to emergencies, crosses a Los Angeles intersection. (Photo: Walter Cicchetti, via Shutterstock)
The administration plans to modify an existing tax on phone calls to include a flat fee — estimated initially at 34 cents per line — on cellphones, landlines and other devices capable of contacting 911. More than $175 million is expected to generate from this in the first year, with the possibility of growing to $400 million in later years.