Posts Tagged: revenue
News
This September, 300,000 of California’s 550,000 acres of rice fields lay barren—over half the state’s rice crop. Instead of miles of soft green grasses swaying amid shimmering water, the state’s rice fields were cracked bare dirt, some crowded with weeds. “It is now just a wasteland,” a third-generation rice farmer told the San Francisco Chronicle.
News
For the third time in a decade, voters have a chance to raise taxes on the rich, but this time the money would pay for electric vehicles and charging stations instead of schools and community colleges, a distinction that has drawn opposition from key supporters of those previous tax hikes.
News
Voters are facing the possibility of deciding among three fiercely competing ballot initiatives next year – all of them involving tens of millions of dollars and a revolution in California’s gambling industry. One of the three has already qualified for the November 2022 ballot. The remaining two must still gather signatures.
News
There are clouds on California’s economic horizon, but whether they herald a coming recession is uncertain. The experts agree that there is a slowdown, but there is little consensus beyond that.
News
The California cannabis conundrum: A lot more weed, a lot less money. Since Proposition 64 took effect earlier this year, the cannabis industry has raked in nearly $135 million of revenue for the state through sales taxes, not including local jurisdiction taxes. Even with increased sales each quarter, some officials are calling the revenue “substantially below projections.”
Opinion
OPINION: Flashing Amber Alerts, public safety messages and directional traffic alerts – for decades, Californians have agreed this type of information is what belongs on the changeable outdoor message signs along our highways’ public spaces. Common sense and public policy says it is in the best interest of the public to keep this public right-of-way space limited to such content and free of blight.
Opinion
OPINION: California’s cap-and-trade program is working. Since it was launched in 2013, the system has helped drive down greenhouse gas emissions, while the state’s economy has flourished. The billions of dollars the program generates have funded “climate credit” payments to electric utility customers, low-carbon transit projects, and home weatherization improvements in low-income communities.
News
This is the fourth in a series of detailed articles about the inner workings of the state Capitol relating to structure, rules and procedures — including a look at vetoes and the budget.
News
A federal judge has ordered a conference in the case of a driver who got a $200 ticket for turning right at a stop light in suburban Sacramento. The motorist filed a federal complaint against the Department of Motor Vehicles, the California Judicial Council and the Sacramento County Superior Court, saying he is one of millions of people who had their licenses suspended because they couldn’t afford costs and administrative fees.
Analysis
ANALYSIS: An independent look at the measure by the Legislative Analyst’s Office, and an examination by the state’s treasurer, describe some scenarios that agree with Brown’s point. But the governor ignores the LAO’s argument that there could conceivably be some costs savings, particularly if Prop 53 forces the state to make better use of existing infrastructure.