The report from Standard & Poor’s found that contrary to popular belief, lower spending has spurred California’s economic recovery, and not higher revenues.
At a UC Regents meeting, Governor Brown said more cuts can be expected despite voters approving his tax measure, Proposition 30, in November.
The State of California is expected to collect $189 million in tax revenue from Mark Zuckerberg following the Facebook IPO according to one research company’s calculations.
A large group of nurses and other demonstrators marched through downtown San Francisco Thursday morning to call for a federal transaction tax they say would bring in billions of dollars in revenue.
A California Field Poll shows 53 percent of voters are for legalizing and taxing online gambling as a way to increase state revenue.
In May, San Jose received about $17,000 from a half dozen marijuana collectives, down from nearly $300,000 in March and April.
San Francisco Assessor-Recorder Phil Ting announced Wednesday that his office generated an additional $50 million in property tax revenue above expectations, helping the city close a large budget deficit for the coming fiscal year.