Posts Tagged: billion

Opinion

We have great chance to boost broadband access — but do it right

A woman linking her tablet to the Internet via a service provider. (Photo: Daniel Krason, via Shutterstock)

OPINION: With a historic investment in broadband on the horizon, Gov. Newsom and the California Legislature have an unprecedented opportunity to bring chronically unserved California households online with high-speed Internet.

News

Proposition 22: California’s new labor landscape

A food delivery worker arrives at a customer's house. (Photo: Simone Hogan, via Shutterstock)

As the new year gets under way, the most significant changes in years to the state’s labor law are in effect. The landmark ballot initiative, Proposition 22, favored by six out of 10 voters in November, defines the future of “gig work” in California. It took effect just weeks ago.

News

Update, Capitol Weekly tracking poll: the Warren surge

Presidential contender Elizabeth Warren at a town hall meeting in San Diego. (Photo: Jeffrey Allan Photography, via Shutterstock)

Capitol Weekly’s October Democratic primary tracking survey shows Elizabeth Warren continuing to storm the field with another 7-point gain, putting her at 35% and a healthy 14-points ahead of her nearest rival, Vice President Joe Biden. Biden has risen since September by 3-points despite the massive national controversy around Ukraine and President Trump’s accusations regarding his son.

News

The ballot props: What’s at stake

A voter prepares to make a choice on the ballot. (Photo: Svanblar, via Shutterstock)

California voters are being asked to approve $16.4 billion in bond financing, cut taxes and weigh in on such diverse topics as kidney dialysis prices and farm animal living conditions in the Nov. 6 election. The 11 initiatives on the ballots include requests for bond financing for housing, water and children’s hospitals. Other initiatives would approve huge property tax savings for seniors, repeal the controversial gas tax hike and open the way to expand rent control. In the long tradition of California ballot propositions, fights over the initiatives have prompted record spending.

Opinion

Water storage needed — but keep faith with Prop. 1

The Kern River flows through Hart Park near Bakersfield. (Photo: Richard Thornton

OPINION: The California Water Commission is currently evaluating 11 proposals that are competing for $2.7 billion of the Prop. 1 funds set aside for storage projects. In December, the applicants made their cases directly to the commissioners in Sacramento, describing their purported “public benefits” to satisfy Proposition 1’s funding requirements.

News

Money, politics and the twin tunnels

Aerial view of the Sacramento-San Joaquin River Delta. (Photo: Department of Water Resources)

Given the amount of money needed for what everyone agrees must be an expensive revamping of the state’s water infrastructure, is there room now for Gov. Jerry Brown’s heart’s desire — the $15.5 billion Twin Tunnels Project?

News

State writing new pot regulations

A marijuana plant growing in Northern California. (Photo: Shutterstock)

California authorities are crafting new rules governing both medical and recreational marijuana, and they hope to present them to the public in March. The move follows voter approval in November of Proposition 64, which legalized recreational pot use. It passed by 2 million votes out of nearly 14 million cast.

Opinion

Making the case for ‘open data’

Voluminous data displayed on a computer monitor. (Photo: Dimitri Nikolaev)

“Open Data” is a hot topic in the Capitol, and as legislative deadlines approach, it’s worth updating on where the issue stands, and what to keep in mind as the state considers a path forward. Standardized and freely shared, public data can inform policymakers as well as state residents about the operations and performance of government.

News

Target: CalPERS’ private equity profits

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

Calpensions: After the board was told last April that CalPERS could not track the incentive payments, known as “carried interest,” a wave of media criticism grew with stories in the New York Times late last month and Fortune magazine last week. A pension fraud investigator, Edward Siedle of Benchmark Financial Services, launched an Internet fund-raising campaign on Kickstarter to raise $750,000 for a “forensic investigation” of the California Public Employees Retirement System.

News

CalPERS eyes long-term rate hike

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

CalPERS is considering small increases in employer and employee rates over decades to reduce the risk of big investment losses, a policy that also would lower an earnings forecast critics say is too optimistic. The proposal is a response to the “maturing” of a CalPERS system that soon will have more retirees than active workers. From two active workers for each retiree in 2002, the ratio fell to 1.45 to one by 2012 and is expected to be 0.8 to 0.6 to one in the next decades.

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