Standard & Poor’s

(Getty Images/Comstock Images)

Study Shows Rising Income Inequality Slows Tax Revenue Growth In California, Prompting Higher Tax Rate

SACRAMENTO (AP) — Rising income inequality has led to slowing tax revenue growth in California, but the state has responded by increasing its top marginal tax rate, causing its growth rate to accelerate after 2009, […]

09/15/2014

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

S&P Worried About California Lawmaker Gimmicks To Pass Budget

A credit rating agency is warning that California could return to budget gimmicks this summer, in part because a court has removed an incentive for lawmakers to pass a budget that is truly balanced.

05/01/2012

home sale, mortgage, foreclosed, foreclosure, real estate, house

San Francisco Home Prices Drop 2.5 Percent In January

Prices in San Francisco dropped 2.5 percent from December to January, the sharpest decline of any of the 20 cities tracked in the report.

03/27/2012

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

S&P Improves California Bond Outlook To Positive

Although California still faces a $9.2 billion deficit, the credit rating agency said the state has corrected a significant portion of its budget imbalance.

02/14/2012

People walk past the New York Stock Exchange during afternoon trading on August 4, 2011 in New York City. The Dow dropped more than 300 points on fears of a deepening European debt crisis and possible double-dip recession in the United States. (Mario Tama/Getty Images)

Treasurer: Downgrade Expected To Have Little Effect On Calif.

State Treasurer Bill Lockyer on Monday said there’s no reason the ratings downgrade of the federal government will have an immediate effect on California but cautioned the state is still on the mend.

KPIX 5 | CBS San Francisco–08/08/2011

Follow

Get every new post delivered to your Inbox.

Join 56,777 other followers