A photo illustration of California's tax code. (Image: Vitalii Vodolazskyi, via Shutterstock)OPINION: As part of the 2020-21 state budget accord, the governor and Legislature enacted AB 85, a budget trailer bill that enacted several tax law changes, including a three-year suspension of the net operating loss deduction and a cap on the use of business tax credits.
Downtown Placerville, Calif. (Photo: Laurens Hoddenbagh, via Shutterstock)OPINION: The recent flurry of stories about small business woes often miss an important part of the picture: Small businesses’ role in helping fund government’s important responsibilities. Consider the City of Placerville. Located in El Dorado County with the original colorful Gold Rush era monikers, the sometimes controversial Hangtown and the more staid Dry Diggings, the city is a tourist draw housing a number of buildings on the National Register of Historic Places.
The state Capitol in Sacramento, late in the day. (Photo: Adonis Villanueva, via Shutterstock)A bipartisan group of state legislators are urging increased funding for California’s 84 rape crisis centers as reports of sexual assault and domestic violence rise under COVID-19 shelter-in-place orders.
A pipette and vessels usd in stem cell research. (Photo: CI Photos, via Shutterstock)The price tag for refinancing California’s unique and ambitious stem cell research program could run to close to $7.8 billion, give or take a few hundred million dollars or more. So says the state’s legislative analyst in a financial analysis of a proposed ballot initiative that is likely to be on next November’s ballot.
California’s 84 rape crisis centers are in a funding crisis. While California has experienced a steady rise in the number of reported rapes (over 5% per year since 2015), the state’s annual General Fund contribution to rape crisis centers over the past decade has been a miniscule $45,000.
Gov. Jerry Brown presents his 2018-19 budget draft to the Legislature. (Photo: Corben Wilson, Capitol Weekly)On Jan. 10, the governor presented his initial 2018‑19 budget plan to the Legislature. In this report, the Legislative Analyst provides a brief summary of the governor’s proposed budget. (In the coming weeks, the LAO will analyze the plan more thoroughly and release several additional budget analysis publications.)
A photo illustration of court finances. (Rusian Grumble, Shutterstock)California’s courts impose hundreds of millions of dollars of “excessive and disproportionate” fines each year for common infractions, then use much of the money to support their own operations. A blue-ribbon panel examining the system said the fines should be collected by the executive branch — not the courts themselves — to avoid conflicts.
CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)Calpensions: A key committee yesterday approved a drop in the often-criticized CalPERS investment earnings forecast, gradually raising record rates already being paid by state and local governments, if approved as expected by the full board today.
State Capitol, Sacramento. (Photo: David Monniaux)For the followers of California politics, non-election years usually are yawns. Not so 2013: One would be hard pressed to find a year with more hot-button events fraught with statewide political ramifications. Here’s our roundup of the year’s top tales, a subjective compilation to be sure but one which was fun to put together. (Photo: Wikimedia Commons)