Budget and Finance

Hertzberg proposes $10 billion sales tax on services

Wednesday, January 21st, 2015

An influential state lawmaker is proposing a $10 billion sales tax on services that would include everything from accounting to yoga classes. State Sen. Bob Hertzberg, D-Van Nuys, says the changing global economy requires a reevaluation of what's considered subject to sales and use taxes. That's...

CA Analyst warns against budget spending spree

Friday, January 16th, 2015
Mac Taylor

  With California’s state budget in the best shape in years, Democratic legislators are eager to open the spending spigots. But they were cautioned at an Assembly Budget Committee hearing Jan. 15 that the good economic times could end as quickly as they began, plunging the budget back into...

Brown talks taxes at budget press conference

Monday, January 12th, 2015

  Reading Gov. Jerry Brown’s meaning on some issues, with or without a dictionary and history text, can be tricky. But it was worth looking for signals on tax issues at the governor’s Friday press conference introducing his record, $113 billion general-fund budget for fiscal year 2015...

The whole truth about California’s employment picture

Friday, December 26th, 2014

News on the economy appears good with new national numbers on economic growth released and polls measuring the attitudes about the job market ticking up. However, in California some troubling job numbers don’t get the attention they deserve. While quarterly economic growth numbers showed the fa...

Stockton bankruptcy looms over 2015

Wednesday, December 24th, 2014
stockton wikimedia

  The New Year is going to bring increasing difficulties for some California cities because of the 2014 settlement of Stockton’s bankruptcy. The reason: because all cities are linked under California municipal laws, especially for pension costs, borrowing costs are going up across the stat...

New tax would hit services

Friday, December 19th, 2014

  Tax reform is in the air. One proposal is by state Sen. Bob Hertzberg, D-Los Angeles, also a former speaker of the Assembly. Senate Bill 8, the Upward Mobility Act, would raise $10 billion in sales and use taxes to replace the $7 billion Proposition 30 raised largely from taxes on the...

GOP lawmaker: fund schools with high-speed rail bonds

Monday, December 15th, 2014

A Republican lawmaker wants to turn money for California's high-speed rail project into funding for schools. Assemblyman Scott Wilk, R-Santa Clarita, introduced Assembly Bill 6, which would cancel outstanding bond funds approved by Proposition 1A, a 2008 voter-approved initiative to fund the st...

VIDEO: Steve Forbes: Money & The Gold Standard

Saturday, December 13th, 2014
VIDEO: Steve Forbes: Money & The Gold Standard

How has the Federal Government been hurting the economy? Author Steve Forbes tells Brian Calle how to fix our broken economy.

Chapman forecasts continued modest growth

Wednesday, December 3rd, 2014
Chapman Economic Recoveries

It's better than a recession. That's about all one can say about the current economic "recovery," which today's Chapman University 37th annual economic forecast expected to continue over the next year. The forecast was given before about 1,500 local business and community leaders at Segerstrom Cent...

Voters skeptical of major tax system overhaul 

Wednesday, December 3rd, 2014
think long committee

  While much attention has been paid to potential tax measures on the 2016 ballot, working in the background is an effort to overhaul the state’s tax system. The recently released Public Policy Institute of California poll shows how difficult a task that could be. Presenting a proposal for ...