Gov. Newsom Presents Budget That Shows California Awash in Tax RevenueCalifornia Gov. Gavin Newsom on Friday proposed a $268 billion state budget that is one-third larger than the state’s current spending plan, fueled by surging state tax revenues and federal stimulus money.
Oakland Could Face $62 Million Budget Shortfall Due To Pandemic, Police OvertimeCuts to services could be coming as Oakland faces a possible $62 million budget shortfall due to police overtime spending and reduced tax revenues because of the COVID-19 pandemic.
Report Finds California’s Financial Comeback Mainly Due To Spending Reductions, Not Higher RevenueThe report from Standard & Poor's found that contrary to popular belief, lower spending has spurred California's economic recovery, and not higher revenues.
Governor Brown Offers Preview For Next State BudgetAt 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 IPOThe 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 Rally In SF For New Tax On Financial TransactionsA 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 GamblingA California Field Poll shows 53 percent of voters are for legalizing and taxing online gambling as a way to increase state revenue.
Tax Revenue From San Jose Pot Clubs DipsIn 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 Announces Additional $50M In Tax RevenueSan 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.