Los Angeles is looking to host the 2024 Olympic Games and Jerry Brown is looking to ensure that California gets the bid. Brown is approving a piece of legislation that would guarantee that California covers up to $250 million if the Olympic Games go over budget. California also made similar guarantees when Los Angeles tried […]
Cities across America are beginning to tax streaming services such as Netflix, Hulu, and HBO GO. The latest city to do so is Pasadena. Starting Jan. 1, anyone living in Pasadena who subscribes to these services will be paying a 9.4% tax for the services. However, some people have questioned the legality of these news […]
California likes to spend. So much so, that in the June 2016 primary, nearly 70% of all proposed local bonds and taxes were passed by voters. And from proposed November 2016 general elections, California taxpayers might be saddling themselves with nearly $30 billion debt this year. Click here to read the article.
Small businesses are about to be hit hard by Covered California in the form of higher insurance rates. Rates will rise almost 5.9% in 2017 after rising 7.2% in 2016. Medical costs are rising and a couple federal subsidy programs that helped offset those costs have expired, leading to the increase in rates on small […]
While Governor Jerry Brown has been a proponent of the “small is beautiful” philosophy, in California heavy regulation and crony capitalism have resulted in increased centralization of power, writes Joel Kotkin in the Orange County Register. Under the system as it stands currently, large corporations and government bureaucrats are favored. Click here to read the […]
Pension expenses in California continue to rise, and increasing life expectancies have contributed to greater than anticipated costs for taxpayers, writes Steven Greenhut in Spectator.org. However, recent court decisions may allow communities to reduce pension obligations and prevent further cuts to important services. Click here to read the article.
California legislators receive daily, tax-free allowances of $176 beyond their salaries, but unusually-loose rules let legislators collect these allowances even when they don’t go to work, reports the Associated Press. While most legislators accept the payments, a few decline or donate the money to charity. Click here to read the article.
California’s legislators have been in session for 21 months but that doesn’t mean they are strangers to working until the last minute. Lobbyists and lawmakers were stuffed in the Capitol building revising new bills or creating entirely new ones to try and pass through before the session ended. Some of these bills are referred to […]
California is facing a major pension problem. Senate Bill 400 gave state workers better retirement benefits and soon other public sector employees had their unions pushing for the same benefits. Because of this, California will be spending almost 30 times more on pensions in 2016 than in 2000. Click here to read the article.
Voters recently approved Proposition 30, which proponents promised would increase taxes, but only temporarily, writes Kerry Jackson in the Orange County Register. While the consequences of the tax increase included an exodus of wealthy people from the state, soon after the tax increase’s approval, policymakers began to plan to extend the new taxes or make […]