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The Employment Development Department (EDD) this week acknowledged that 9.7 percent of the 19.5 million unemployment insurance claims it has
Heeding the advice of the Legislative Analyst’s Office to take a deliberate pace when considering Governor Gavin Newsom’s budget proposal for 2021-22, both houses of the Legislature canceled several scheduled budget committee hearings this week.
November revenue collections from the state’s three largest taxes – the personal income tax, corporation tax, and sales tax – were ahead of budget projections by $2.4 billion (33 percent), and total collections for the first five months of the 2020-21 fiscal year …
With results now certified in the record-turnout November election, 197 of 260 local tax and bond measures were approved, and
“A sizeable revenue windfall” of approximately $26 billion is taking shape for the state government because the pandemic-caused recession has had “a muted effect on tax collections …
California voters continue to overwhelmingly support Proposition 13, the 1978 property tax limitation initiative, and would approve it by a
California voters have rejected Proposition 15, the split-roll initiative that proposed the largest property tax increase in state history, with 51.9 percent of the voters in opposition.
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California voters may have rejected Proposition 15, the split-roll initiative that proposed the largest property tax increase in state history…
