Posts Tagged: billions of dollars

News

Stem cell: California’s ARS and its multibillion-dollar clout

The Lorry I. Loke Stem Cell Research Building at Stanford University. (Photo: CIRM)

California’s taxpayer-financed stem cell agency will give away $98 million later this week, but the agency’s full, 35-member board is not going to have much to do with making decisions about who gets what. That’s because 17 members of the governing board are barred from voting on applications for any of its research awards, which will ultimately total roughly $5 billion over the next decade or so.

News

California ramps up census push in final hours

An illustration of the 2020 census. (Image: Maria Dryfout, via Shutterstock)

California launched an aggressive push through Thursday night to bolster its tally, immediately following a U.S. Supreme Court decision blocking the count. “We’re pulling out all the stops,” said Ditas Katague, director of California Complete Count, the state’s census office.

Opinion

‘Teal Deal:’ Add blue to the Green New Deal

Big Sur at sunset. (Photo: S. Borisov, via Shutterstock)

OPINION: As policymakers prepare to vote in June on the new state budget while facing a massive budget deficit, we want to highlight a source of solutions largely absent from the discussion which can help spur an equitable economic recovery for all Californians.

News

Perfect budget storm: Virus, joblessness, weak tax receipts

A photo illustration of a tight budget. <(Image: Syda Productions, via Shutterstock)

The rise of unemployment, dwindling tax revenues, emergency spending to fight COVID-19 and renewed fears of wildfires this year are throwing deep strains on the state budget for the new fiscal year that begins just weeks from now.

Opinion

COVID-19: Resist expanding worker’s comp benefits

Photo illustration of a workers' compensation insurance form. (Image: Lane V. Erickson, via Shutterstock)

OPINION: During this time of unprecedented disruption, it is easy for some to take advantage of the chaos and push their own agenda. Our elected officials need to lead and protect us all against any overreach that will harm our state’s economic recovery — including an overreach of workers’ compensation benefits that would decimate small businesses

Recent News

Pandemic raises stakes on sports gambling measure

Accessing an online sports betting site. (Photo: wavebreakmedia, via Shutterstock)

For the last two years, the legalization of sports wagering in California seemed like a sucker’s bet. A proposed constitutional amendment in the Assembly went nowhere with lawmakers in 2019, and a similar proposal this year was hardly sprinting ahead like Secretariat.  But with the sudden onset of the coronavirus playing havoc with both ballot measures and the state budget, it might be game-on for legalized sports gambling in 2020 after all.

Opinion

California must compete for ‘Opportunity Zones’

A crowded section of San Francisco's Tenderloin District near Market. (Photo: Todd A. Merport, via Shutterstock)

OPINION: Tens of billions of dollars are reportedly being raised nationwide by hedge funds, investment banks, and money managers looking to capitalize on new “Opportunity Zone” tax incentives created by the 2017 federal tax law. So, what exactly are Opportunity Zones?

Opinion

My hope for health care in 2019

Hundreds of people advocating for improved health care rally outside San Francisco City Hall, 2017. (Photo: Kim Wilson, via Shutterstock)

As a physician in California, I am so grateful to see preserving people’s access to health care at the top of our state’s New Year’s resolution list. Although a federal judge in Texas has ruled the Affordable Care Act is unconstitutional (in a state where five million people could be directly affected, no

Opinion

SB 32 hits the pocketbook

A powerplant at sunset. (Photo: David Crockett)

OPINION: Last week, politicians congratulated themselves on passing SB 32 – the climate change bill that aggressively extends and expands greenhouse gas emission reductions for the next 13 years—until 2030. Unfortunately, for Californians like you and me, this bill will result in ever-increasing cost burdens on businesses and employees throughout the state.

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