Budget and Finance

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Hertzberg proposes $10 billion sales tax on services

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

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CA Analyst warns against budget spending spree

  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

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Brown talks taxes at budget press conference

  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

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The whole truth about California’s employment picture

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

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Stockton bankruptcy looms over 2015

  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

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New tax would hit services

  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

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GOP lawmaker: fund schools with high-speed rail bonds

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

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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.

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Chapman forecasts continued modest growth

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

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Voters skeptical of major tax system overhaul 

  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

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