Posts Tagged: daniel
Gov. Brown on Jan. 9 in the state Capitol as he unveiled his 2015-16 draft budget. Brown's budget includes the newly approved "rainy day fund."(Photo: AP/Rich Pedroncelli)
California’s economy may not be booming, but it is definitely on the mend. The Bay Area is churning out high-tech profits and high-wage jobs. In other parts of the state, unemployment is inching down toward full-employment levels. And as always when California’s economy improves, tax revenues are soaring. With an income tax system highly dependent on the wealthy and their investment income, the state treasury typically sees a windfall whenever times are good.
Kevin McCarthy, minutes after announcing he was withdrawing his bid to be House speaker. (Photo: Manuel Balce Ceneta/AP)
Kevin McCarthy, whose meteoric rise in the California Assembly’s GOP ranks was matched only by his rise in Congress, halted his upward trajectory by abruptly withdrawing from the race for House speaker — a stunning move that threw his GOP colleagues into disarray.
One of the first local ballot measures aimed at cutting public pension costs, a cap on Pacific Grove payments to CalPERS approved by voters three years ago, was ruled unconstitutional by a Monterey County superior court judge last week.
Judge Thomas Wills ruled Friday that Measure R violated the contract clause of the state