| Nov 4, 2014
| 8:56 PM
Proposition 1 has passed, AP reports. It authorizes state officials to borrow $7.12 billion and repurpose $425 million in bonds approved earlier to pay for new water projects.
The measure includes $2.7 billion for storage projects, such as dams; $800...
| Nov 4, 2014
| 9:18 PM
Proposition 2, to strengthen California's rainy day fund, has passed, AP reports.
A constitutional amendment with bipartisan support, the measure was placed on the ballot by the Legislature and Gov. Jerry Brown.
Under the measure, state officials will...
| Nov 4, 2014
| 11:45 PM
Democrat John Chiang has won the contest for California treasurer, defeating Republican Greg Conlon.
The treasurer is responsible for managing the state's debt, such as selling bonds that fund major projects.
The campaign was one of the quietest...
| May 4, 2014
| 8:47 PM
The numbers are in, and they're eye-catching: Gov. Jerry Brown's "soak the rich" tax increase really did drench them.
And it made California's harmful tax volatility that the governor regularly rails about even worse.
Tax volatility — the...
| Jun 4, 2014
| 3:45 PM
The morning after taking a major step toward an unprecedented fourth term, Gov. Jerry Brown held no public events, nor did he rally with other Democratic candidates before a bank of cameras.
Instead, Brown went to his office Wednesday morning and worked...
| May 11, 2013
| 7:22 PM
Even if death and taxes are the only things certain in life, state legislators say they can never be certain about death taxes.
With no crystal ball and no idea when spectacularly wealthy Connecticut residents might die, state officials make an educated...
| Jul 3, 2013
| 1:21 PM
A tax on gasoline went into effect in Harford County and across Maryland on Monday, adding about 4 cents to the cost of a gallon. Next year, that will increase again, and the same thing will happen the following year, then in 2016, the final increase in...
| Dec 26, 2013
| 5:30 AM
ATLANTA — Ric Reitz makes movies. He helped bankroll the Matt Damon thriller "Contagion," Clint Eastwood's "Trouble With the Curve" and the Robert Downey comedy "Due Date."
Reitz, an energetic 58-year-old, doesn't hang out at the Polo Lounge, red-...
| Jan 15, 2014
| 5:37 PM
SACRAMENTO—Gov. Jerry Brown's proposed rainy-day reserve is better than nothing, but it falls far short of what the state really needs to fix its cockeyed tax system.
The governor is attempting to treat the symptoms of revenue instability rather...
| May 2, 2014
The end of the legislative session has featured an unusual amount of gear-shifting by the state's leading policy-makers. The most notable came last week when reality forced Gov. Dannel P. Malloy to abandon his $55-a-person income tax refund under pressure...
| Mar 26, 2014
| 8:55 PM
Gov. Pat Quinn and ruling Democratic lawmakers united Wednesday around what they say is a stark election-year choice — vote now to make permanent the temporary income tax increase they installed three years ago or face major cuts in state spending...