Brentwood, 150 other cities wage court fight to hold on to cash that state seeks to divert to schools.
It’s all about public funding in San Mateo County. Residents will decide whether to reopen schools, pass a parcel tax and expand a utility bill.
by Marcy Gordon and Peter Svensson, AP Business Writers WASHINGTON (AP) — The Senate dragged massively profitable Apple Inc. into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes. Cook said the subsidiaries have nothing to do with […]
(Bay City News Service) A handful of Bay Area post offices will stay open late today to allow last-minute tax filers to turn in their paperwork. The tax day lines at most post offices have shrunk in recent years because more people are filing their taxes online, according to U.S. Postal Service officials. Most post […]
Congress may have pulled the nation back from a fiscal cliff this week, but the budget deal could still slow California’s economic recovery in the short term, according to an economist who specializes in forecasting the state’s future. Speaking on KQED’s Forum on Wednesday, Jerry Nickelsburg, an adjunct professor at UCLA’s Anderson School of Management, […]
A.M. Splash: Plastic Bag Ban Starts in SF; More Rich Live in High-Tax States; Prison Reform Results Mixed; Voters Favor 3-Strikes Reform
Expanded plastic bag ban takes effect Monday (SF Chronicle) There’s one more thing San Franciscans need to add to their shopping list or pay up- a reusable bag. On Monday, the city’s checkout ordinance ban signed into law in February takes effect, banning plastic bags at all retail stores and imposing a 10-cent charge for […]
Sometimes it pays to procrastinate. In a surprise gift to taxpayers, the State of California office that collects taxes announced Friday that most kinds of property tax are fully deductible on 2011 income tax returns. The change could cost the state $200 million, board spokesman Daniel Tahara said. Individual property owners could gain a few […]
LOS ANGELES (AP) — The creation of California’s stem cell agency in 2004 was greeted by scientists and patients as a turning point in a field mired in debates about the destruction of embryos and hampered by federal research restrictions. The taxpayer-funded institute wielded the extraordinary power to dole out $3 billion in bond proceeds […]
Two big headlines out of a new Los Angeles Times/USC poll: Californians have undergone a major turnaround on filling the remaining budget gap with tax extensions, as opposed to more spending cuts. Sixty percent now back putting those tax measures, favored by Gov. Jerry Brown and Democrats, on the ballot, with only 33 percent favoring […]
Ben Franklin said, “In this world nothing can be said to be certain, except death and taxes.” But he didn’t live in California. When it comes to the current budget debate, taxes are the one thing that is decidedly uncertain. In taking the state roughly halfway to a balanced budget, Governor Jerry Brown and legislators […]