Tag "revenue roller coaster"

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Gov.-Elect Newsom’s interest in tax reform likely to face bipartisan push-back

Governor-elect Gavin Newsom says he hopes to amend the California tax code to lessen its dependence on income and capital gains taxes paid by the very rich. Yet the last two serious attempts at tax reform were both dead on arrival,

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Revenue spike may fuel budget battle between Brown, progressives

The November forecast, conducted by the Legislative Analyst’s Office, of state revenue running $7.5 billion higher than expected in 2018-19 has set the stage for perhaps the most pitched budget fight between Gov. Jerry Brown and the Legislature since Brown returned to the

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