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NEWS: California Report Criticizes $100 Million Hollywood Aid

Bloomberg News reports California's nonpartisan Legislative Analyst's Office (LAO) issued a review of the state's film production subsidies, and found the money spent to be a bad investment. The LAO says the subsidies return only 65 cents on the dollar in economic activity.

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EDITORIAL: Small business, big taxes

The Orange County Register reports a newly released national ranking by the Small Business & Entrepreneurship Council rates California worst in the nation for small business. The state's high taxes discourage entrepreneurs and block job creation. The newspaper urges policymakers to reduce the tax and regulatory burden to make the state more competitive and reduce joblessness.

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NEWS: IRS Awards Bonuses to 1,100 Who Owe Back Taxes

The Associated Press reports according to a federal investigator, the Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including $1 million to workers who owed back taxes.

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NEWS: Oil and gas industry generates thousands of jobs in California, report finds

Los Angeles Times story on a new report conducted by the Los Angeles County Economic Development Corp., which shows the oil and gas industry creates about 49,000 jobs in Los Angeles County and billions of tax revenue in California.

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Tags: Jobs

NEWS: California's Governor Wants Water Tunnels. Antitax Group Wants to Know Who Pays

Bloomberg News reports on a letter sent to the California Resource Agency by HJTA asking the state to produce a detailed financing plan on a proposed $25 billion tunnel that would transport snowmelt to farms and cities.

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