Posts Tagged: billion
News
Jerry Brown holds a 21 point lead over Neel Kashkari among likely voters in the governor’s race, and there is majority support both for a state water bond.Likely voters are more divided on two other statewide ballot initiatives, one that would establish a budget stabilization account—or rainy day fund—and another that would give the state insurance commissioner authority over changes in health insurance rates.
News
Dan Richard, the chair of the California High Speed Rail Authority, is a man in the middle. The middle of court fights, the middle of political fights, the middle of a fight over California’s future. “The rest of the developed world has moved energetically to adopt high-speed rail. We will too,” Richard says. He may be right.
News
After five years and two postponements, state lawmakers Wednesday night approved placing a $7.45 billion water bond before voters on the November ballot. The drought-era plan, backed by Gov. Brown and the Legislature, dramatically scales back and replaces the $11.14 billion borrowing that originally faced voters. Brown signed the legislation shortly after the vote.
News
A day after Gov. Brown proposed a $6 billion water bond for the November ballot, an environmental coalition offered their own plan with a similar price-tag and with $1.5 billion for recycling and conservation, and $800 million to treat waste water and develop drinking water projects.
News
The governor, up for reelection in November, announced the plan on his campaign web site in an open letter to voters. If approved by lawmakers, it would replace the $11.14 billion water bond scheduled to go before voters in November. That bond, delayed for years, was approved in a bipartisan vote in the Legizslature and signed by former Gov. Arnold Schwarzenegger.
News
As California suffers through its third-driest year on record, the effects of the drought are hitting home in some of the nation’s richest farmland. The state’s $37.5 billion-a-year agricultural yield represents about 12 percent of the nation’s total. Agriculture uses about about 80 percent of the state’s water.
Opinion
OPINION: Recently the Assembly unanimously passed my bill AB 2293. This common sense legislation will clarify insurance coverage plans for transportation network companies (TNC), such as Uber, Lyft and others. My bill also requires important disclosures from TNCs that ensure drivers and all parties are aware of the insurance policy coverage in place. The legislation, AB 2293, passed 71-0 in a unanimous and bipartisan vote and now moves on to the Senate policy committee.
Opinion
OPINION: Despite strong efforts to ratchet down on smog and soot pollution, California still has some of the worst air quality in the nation and most urban areas in California continue to struggle with polluted air.
Opinion
OPINION: Since 2003, California’s Governors and the Legislature have allocated $1.1 million annually to the Arts Council, the bare minimum necessary to qualify for a $1 million National Endowment for the Arts grant. This lack of foresight has put California dead last among all 50 states in per capita funding for its arts agency.
News
The total spending increase needed to get CalSTRS, brought low by mismanagement, back to full funding may be the biggest-dollar scenarios ever presented to a California legislative committee. Legislators were told last week an additional $181.7 billion would be needed for full funding in 20 years. If payments are spread out to ease the budget bite, the additional amount needed to reach full funding in 60 years is a staggering $618 billion.