Tax revenue

(Justin Sullivan/Getty Images)

Report Finds California’s Financial Comeback Mainly Due To Spending Reductions, Not Higher Revenue

The report from Standard & Poor’s found that contrary to popular belief, lower spending has spurred California’s economic recovery, and not higher revenues.


California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles. (Kevork Djansezian/Getty Images)

Governor Brown Offers Preview For Next State Budget

At a UC Regents meeting, Governor Brown said more cuts can be expected despite voters approving his tax measure, Proposition 30, in November.



California May Reap Windfall From Facebook IPO

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.


Nurses join a San Francisco rally to call for a financial transaction tax. (CBS)

Nurses Rally In SF For New Tax On Financial Transactions

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.


Field Poll: California Voters Want Taxed, Online Gambling

A California Field Poll shows 53 percent of voters are for legalizing and taxing online gambling as a way to increase state revenue.


A vial of medical marijuana

Tax Revenue From San Jose Pot Clubs Dips

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 City Hall. (CBS)

San Francisco Assessor Announces Additional $50M In Tax Revenue

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.

CBS San Francisco–06/08/2011