Many California local governments are considering tax increases as a means of avoiding cutbacks while paying for rapidly increasing pension obligations. However, the required procedures for putting tax increases on the ballot is currently in dispute legally, creating confusion for the parties involved in tax discussions, reports the Mercury News. Click here to read the […]
Legislation intended to impose $100 million annually in new taxes on drinking water failed amid concerns that further tax increases could prompt more recalls, such as the successful effort against former Senator Josh Newman. However, the legislation’s author, Senator Bill Monning, has vowed he will continue his efforts in support of the tax increase, reports […]
OPINION: Sweet pensions, secrecy laws: L.A. has its own ugly swamp that needs draining, but where’s the leadership?
By way of the Deferred Retirement Option Plan (DROP), LAPD Chief Michel Moore was able to walk away with $1.27 million payout, but rather than truly retiring, he was rehired with a $300,000 salary on top of his $240,000 annual pension. Steve Lopez, of the LA Times, writes that while this may be an extreme […]
Recent tax increase proposals, including the “split roll” plan to eliminate Proposition 13 protections for businesses and a plan to impose a new tax on water, are both being presented as necessary to fund vital services. However, the real driver behind the motivation for new taxes is actually spiraling pension costs, writes the San Diego […]
A recently disclosed letter from state officials has revealed the estimated cost of planned Delta tunnels has risen 22 percent over an estimate issued last year, reports the Sacramento Bee. The tunnels plan, backed by Governor Jerry Brown, is intended to provide water to Southern California while protecting endangered fish. However, critics say the plan […]
Supporters of a “split roll” plan to eliminate Proposition 13 protections for businesses have submitted 850,000 signatures for a 2020 ballot initiative. If the measure passes, up to $10 billion in new taxes could be assessed annually, according to the Mercury News. Supporters argue the plan would provide new revenue for education and other services, […]
By passing SB 1, Sacramento politicians broke promises and concurrently hurt California families—but especially California farmers. Jesse Rojas, a farm worker rights activist speaking under bakersfield.com, underscores the many detriments of California’s high gas tax, ranging from more costly groceries to the fate of people’s jobs. Click here to read article.
Despite California’s government spending $290 million on creating a new, upgraded sales tax collection system, the Centralized Revenue Opportunity System (CROS), business owners and tax professionals are finding CROS to be confusing, difficult, and overcomplicated, reports the Sacramento Bee. The system overhaul was meant increase tax revenue by designing an easier-to-use system, but as the […]
Citing an outdated 911 emergency services system, Governor Jerry Brown wants to increase taxes on all devices capable of dialing 911, reports Taryn Luna of the Sacramento Bee. The tax would come in the form of a monthly rate of 34 cents per line, generating $175.4 million in revenue in the first year, with the […]
Believed to mainly be the result of the removal of the federal insurance mandate penalty, Covered California consumers will see an almost 9 percent increase in premium costs, reports Sammy Caiola of California Public Radio. With about 1.4 million already covered under Covered California, it’s believed that up to 262,000 consumers will be leaving the […]