The split-roll property tax initiative qualified for the November 2020 ballot would be “impossible to implement,” Santa Clara County Assessor Larry Stone said May 22 during a tax policy conference hosted by the Sacramento publication Capitol Weekly.
The Senate Budget and Fiscal Review Committee launched the Legislature’s 2020-21 budget process January 23 with an informational hearing where senators expressed goals and concerns to representatives of the governor’s Department of Finance.
The Senate Governance and Finance Committee voted 4-2 on January 15 to approve SB 37 (Skinner), which would make California’s top corporate income tax rate the highest in the United States, but there are signs that the bill will not advance further in its current form.
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Governor Gavin Newsom this morning unveiled a $222.2 billion state budget proposal, reflecting a $7.4 billion increase in total spending (general fund and special funds) over the budget enacted in June.
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Democrats in the state Assembly released a state budget “blueprint” December 9 that does not explicitly call for increased taxes or fees. The first page of the document cites the Legislative Analyst’s Office recommendation to limit spending …
The California School Boards Association (CSBA) withdrew its personal and corporate tax increase initiative December 4, one day after the Legislative Analyst’s Office reported that the measure could prompt taxpayers…
During the first year of the 2019-20 legislative session, state lawmakers and the governor approved more than $4.4 billion a year in higher taxes and fees, the nonpartisan California Tax Foundation reported November 19.
Los Angeles Mayor Eric Garcetti announced November 6 that he supports the split-roll property tax initiative – a measure that would eliminate Proposition 13 protections for many California property owners, leading to a tax increase estimated by the legislative analyst …
