Posts Tagged: spending

News

California’s taxable sales soar to record high

A crowded Apple Store in San Francisco's Union Square. (Photo: canyalcin, via Shutterstock)

California reported an all-time high of $216.8 billion in taxable sales for the second quarter of 2021, up 38.8 percent from the same period in 2020, when the COVID-19 pandemic raged and Gov. Gavin Newsom closed public schools and some service industries to slow the spread of the virus.  

News

Washington state resident gives $1 million to fight recall

Ballots that will be mailed to voters across California for the Sept. 14 recall election. (Photo: Sheila Fitzgerald, via Shutterstock)

A million-dollar donation to fight the recall effort against Gov. Gavin Newsom came from Washington state, not California, and from a name familiar in the world of finance and high tech. Connie Ballmer, who is married to former Microsoft CEO Steve Ballmer, contributed $1 million to Newsom’s campaign, the second-largest donation thus far to the anti-recall effort.

Opinion

 Time is now to invest in public health infrastructure

A patient in a wheelchair has a visit from hear doctor. (Photo: Spo;tmatik Ltd, via Shutterstock)

OPINION: As a state, we are fighting this pandemic with a hand and a foot tied behind our backs. Decades of disinvestment in public health infrastructure has weakened our public health system, making this crisis even worse.

News

The census: ‘Don’t let anyone count you out’

The 2020 census form, international edition. (Photo: Tada Images, via Shutterstock)

Amid the piles of bills and other notices in the mail, a special invitation to complete the national census is coming to Californians beginning this week. The census, which happens once every 10 years, is a mammoth effort to get a snapshot of who is living here as of April 1. The results will be used to determine everything from Congressional representation to federal funding for health, education, child care and transportation.

Opinion

California must compete for ‘Opportunity Zones’

A crowded section of San Francisco's Tenderloin District near Market. (Photo: Todd A. Merport, via Shutterstock)

OPINION: Tens of billions of dollars are reportedly being raised nationwide by hedge funds, investment banks, and money managers looking to capitalize on new “Opportunity Zone” tax incentives created by the 2017 federal tax law. So, what exactly are Opportunity Zones?

Podcast

Capitol Weekly Podcast: Paul Mitchell eyes the 2020 elections

Left to right: Joe Biden, Bernie Sanders, Kamala Harris, Beto O'Rourke, Elizabeth Warren, Pete Buttigieg. (Illustration: Tim Foster)

California political data guru Paul Mitchell joins Capitol Weekly’s John Howard and Tim Foster to talk about — what else? — the 2020 elections. Who’s up, who’s down and who’s burning through their dough?

News

The ballot props: What’s at stake

A voter prepares to make a choice on the ballot. (Photo: Svanblar, via Shutterstock)

California voters are being asked to approve $16.4 billion in bond financing, cut taxes and weigh in on such diverse topics as kidney dialysis prices and farm animal living conditions in the Nov. 6 election. The 11 initiatives on the ballots include requests for bond financing for housing, water and children’s hospitals. Other initiatives would approve huge property tax savings for seniors, repeal the controversial gas tax hike and open the way to expand rent control. In the long tradition of California ballot propositions, fights over the initiatives have prompted record spending.

News

LAO: A summary of the governor’s 2018-19 budget

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.)

Opinion

Spending cap-and-trade funds: Give priority to most vulnerable

Pollution over Long Beach on a clear day. (Photo: Katharine Moore)

OPINION: Now that it’s reconvened, the state Legislature faces critical decisions about where and how to spend over $1 billion raised by the state’s cap-and-trade program to fight climate change. Those decisions will affect the lives, health and jobs of millions of Californians, and will have an outsized impact on those facing pollution and poverty.

News

State auditor hits UC for secret fund, excessive salaries

UC Berkeley students at Sather Gate. (Photo: Rightdx, via Shutterstock)

Our audit of the University of California Office of the President’s budget and staffing processes revealed the following: The Office of the President did not disclose to the University of California Board of Regents, the Legislature, and the public $175 million in budget reserve funds. It spent significantly less than it budgeted for and asked for increases based on its previous years’ over‑estimated budgets rather than its actual expenditures.

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