Posts Tagged: houses
The state Capitol in Sacramento. (Photo: Feoktistoff, via Shutterstock)
By approving Proposition 54, California voters decided to shine a spotlight on the Legislature’s internal proceedings. It’s seemingly straightforward, but Proposition 54 leaves unanswered key questions of timing and transparency that will have to be resolved.
An online gambler concentrates on his game in Nevada, which recently authorized internet gaming and may license fantasy sports companies.(Photo: Associated Press)
Rival interests are rolling the dice to legalize California’s internet gaming market, the most lucrative in the nation. At stake in the Capitol negotiations is a prize worth hundreds of millions of dollars — and maybe more. It’s not the first time. Efforts to legalize internet poker in California – where the revenue may top $1 billion annually over a decade — have failed repeatedly in the past.
For months, Gov. Brown has signaled his dislike for borrowing new money for school construction. This week, key lawmakers agreed, derailing a bond that had been aimed at the November ballot.
California motorists in a traffic jam. (Photo: Shutterstock)
Currently, fuel is about $4 per gallon and California burns about 14 billion gallons annually. Estimates of the magnitude of a potential hike vary widely, but most range from 15 to 20 cents per gallon, which would raise perhaps $2.1 billion to $2.8 billion annually. Efforts are under way in the Capitol, led by the petroleum industry, to exempt transportation fuels from the auctions until 2018.