tax – California Globe

California Has a Long History of Squandering its Precious Water

June 1, 2024 2:55 amJune 1, 2024 2:56 am

Gov. Gavin Newsom is bragging about more than $140 million coming from the Biden-Harris Administration to support “critical water storage projects here in California, including the Sites Reservoir.” This is curious since voters already approved Proposition 1 in 2014 together...

Why is California’s ‘More Water Now’ Ballot Initiative Already Under Attack?

December 6, 2021 8:06 amDecember 8, 2021 3:42 pm

California has a long history of squandering its precious water. In 2014, California voters approved $7.12 billion in bonds for state water supply infrastructure projects. Of that, $2.7 billion was designated for water storage projects. But nearly 8 years later,...

Governor Newsom Vetoes Tax Disclosure Bill

September 30, 2020 6:13 amSeptember 30, 2020 6:19 am

On September 29, Governor Gavin Newsom vetoed SB 972, by Senator Nancy Skinner (D-Oakland). The bill would have added Section 19571.5 to the Revenue and Taxation Code to require the Franchise Tax Board (FTB) to produce a report listing corporate...

Ignoring $30B From Water Bonds and State Surplus, Gov. Gavin Newsom Wants New Water Tax

March 21, 2019 7:59 amMarch 25, 2019 12:55 pm

Despite Assembly Constitutional Amendment 3 that would use 2 percent of the annual General Fund to pay for all water improvement projects, and eight water bonds totaling more than $30 billion, Gov. Gavin Newsom wants to charge California water customers up to...