Prop 55: Tax Hike Would Only Affect Top Earners, Analyst’s Office SaysProposition 55 would keep an existing income tax hike, approved by voters in 2012, on the books. It would continue the increase on taxes for any Californian earning $250,000 or more per year.
California Could Review Complicated And Costly Traffic Ticket Fee StructureCurrently, a $35 fine for running a stop sign actually costs $283 once surcharges and fees are added on. That fine has gone up $83 in the last 10 years.
Analyst: No 'Fiscal Cliff' When Tax Hikes EndThe Legislative Analyst's Office says steady economic growth will buffer California when temporary tax increases expire in the coming years.
Analyst: California Faces $340 Billion In Debt A new report says California state government faces $340 billion in debts, or more than $8,500 for each resident.
Legislative Analyst: Deficit Reduced To $1.9 Billion; California At 'Promising Moment'The nonpartisan legislative analyst says California is facing a much smaller deficit of $1.9 billion through the end of the next fiscal year and could even see surpluses over the next few years.
Analyst: Tax Revenue Less Than Governor ProjectsCalifornia's budget stands to get a boost from Facebook's initial public stock offering and Gov. Jerry Brown's tax initiative, if voters approve it later this year.
Calif. Lawmakers Discuss Effects Of Federal Debt DealState lawmakers and policy analysts are trying to figure out how the tentative federal deal to cut $900 billion over the next decade could affect California and so far, it's unclear.
Report: Overhaul Needed For Calif. High-Speed RailThe state's independent analyst is calling for major changes to California's high-speed rail plans, including delaying the fast-tracked project and taking control away from the independent board that now controls it.