Posts Tagged: revenue
The Hard Rock Hotel and Casino in South Lake Tahoe. (Photo: EQRoy, via Shutterstock)
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.
A 3D rendering of stock indices in open space. (Image: Vitaly Sosnofsky)
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.
A flowering marijuana plant in a California destined to be used for medicinal purposes in California. (Photo: PRO Stock Professional
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.”
A California freeway sign provides information for motorists. (Photo: Joseph Sohm)
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.
An oil refinery at twilight as the lights come on. (Photo: Phonix_a Pk.sarote, via Shutterstock)
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.
The California State Senate in Sacramento. (Photo: Trekandshoot, via Shutterstock)
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.
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.
Gov. Brown speaking against Proposition 53. (Screen shot via Youtube
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.
This poker player's hand is the stuff that dreams are made of.. (Photo: Freer via Shutterstock)
OPINION: Over the last decade, many California cardrooms have moved beyond their gold rush roots by upgrading and adding hotel and dining options to meet patron demands for the gaming experiences found elsewhere. Today, more than 75 state-licensed cardrooms operate in California, providing thousands of living-wage jobs and valuable general fund revenue to communities across the state.
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.