Taxes, California Budget Deficit | featured news

California has $2 billion in unexpected tax revenue

Tax income has been outpacing forecasts — good news as Sacramento struggles with a $15-billion budget deficit. GOP leaders are already using it as fodder against Gov. Brown's proposed tax increases.

 

Jerry Brown plans to take his case for taxes to voters

Jerry Brown plans to take his case for taxes to voters

Gov. Jerry Brown plans to hit the road next week, taking his case for more taxes directly to voters following the collapse of budget negotiations in Sacramento this week.

 

Taxing Pot Would Generate $1.4 Billion in California

President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion.

 

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