Taxes
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Despite record tax haul, legislators pursue further increases
With a big tax surplus flowing into state coffers, California shattered records last year with a historic haul dwarfing those of other large states around the country. This year, meanwhile, legislators planned still further increases. “During the 2013-14 fiscal year that ended last June,”
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BOE Study: Proposed tax on services would take in $122.6 billion
Just in time for Tax Day, the Board of Equalization issued a study requested by the Senate Committee on Governance and Finance estimating the revenue take from taxing untaxed services would be $122.6 billion. The study will become fodder in
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Hertzberg seeks permanent extension to taxpayer relief program
As California taxpayers brace for another round of tax increases this session, they’ve found an unlikely ally in the state Legislature. State Senator Bob Hertzberg, D-Van Nuys, who has ruffled the feathers of taxpayer groups with his proposal for a $10
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Big twist in San Diego stadium saga
A stadium task force named by San Diego Mayor Kevin Faulconer has been holding a rapid-fire series of meetings with football, development and finance officials about the challenge facing California’s second-largest city in keeping the Chargers from bolting town for
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Suh avoids high-tax CA, signs with Miami
As the most talented NFL free agent this spring, former Detroit Lion Ndamukong Suh had his pick of teams. In trouble often for his on-field antics, such as stepping on Green Bay Packers quarterback Aaron Rogers’ ankle in the playoffs,
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Green cars could get sales tax cut
Green cars could get a sales tax cut under Assembly Bill 945, by Assemblyman Bill Ting, D-San Francisco. According to his website, the bill is: “Aimed at boosting electric vehicle sales to meet California’s climate and air quality goals through
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Pols’ 2010 gas tax swap made road woes worse
It’s become an annual ritual: Stories about the State Board of Equalization announcing it is raising or cutting the state excise tax on gasoline come July 1 to honor the fine print of a 2010 budget deal that requires gas
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Despite strong profits, Farmer Bros. gives up on CA
A highly profitable coffee distribution and production company with deep roots in Los Angeles County and a national clientele is closing its primary Los Angeles facility and preparing to move to Texas or one of several states promising lower taxes,
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Upbeat S&P report on CA also has CalSTRS warning
The recent Standard & Poor’s report upgrading California’s credit rating prompted headlines not just in the Golden State but in Washington and on Wall Street, where it was depicted as part of Gov. Jerry Brown’s narrative of the state’s continuing
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School bond problems go far beyond LAUSD purchase of iPads
Gov. Jerry Brown’s skepticism about state assistance for local school districts’ construction projects appears to be primarily based on an intense disdain for adding more billions to what he likes to call the state’s “wall of debt.” But a counter
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