"Where is the growth in sales tax transactions?" asked California Controller John Chiang in his monthly report on the Golden State's cash balance. Calling growth in the state's sales tax receipts "weaker than expected in recent months," Chiang said he was surprised, "given the improvement in the State's other major revenues and the economy in general."
House Majority Whip Kevin McCarthy (R-Calif.), an easygoing Californian and former recruiter of conservative candidates, is best positioned to take Cantor’s place, regardless of when he leaves. McCarthy has a deep well of support and a light managing style that has won favor with the conference’s younger and more independent members. He was a co-author
Gov. Jerry Brown in a steamy political scandal? Unlikely. Another national economic collapse? Also a long shot. After last week's primary election, the real question is: Does a rookie Republican like Neel Kashkari have any chance of toppling a popular governor in an ultrablue state? California political experts say only Brown's, ahem, death could keep him
With Steve Glazer’s defeat in the 16th Assembly District, organized labor fired a warning shot to any other Democrat thinking of deserting the base. “That’s the lesson I think was learned here: Having a lot of money from corporations may help you produce nice TV ads, but it doesn’t convince voters that you’ll stand with
Home to world-renowned hot sauce & Happiest Place on Earth -- is CA one of the most stressful states? http://bit.ly/Svp4ih
Voter-approved rules now allow a lawmaker to spend 12 years in office, and the entire time may be spent in one house. The earlier rules, approved in 1990, allowed more time in Sacramento – 14 years – but required that no more than six years be spent in the Assembly and eight years in the
Rising home prices pulled more Southland homeowners back above water on their mortgages at the start of the year, according to new data out Thursday. http://www.latimes.com/business/realestate/la-fi-underwater-loans-20140605-story.html
In a new step to expose hidden debt, the Governmental Accounting Standards Board last week proposed that retiree health care debt or “unfunded liability” be reported on the face of government financial statements, not buried inside. The board chairman, David Vaudt, said in a news release retiree health care is “a very significant liability for many
Paying down debt is the best use of the state’s reserve fund, voters say in a new USC Dornsife/Los Angeles Times poll. Twenty-four percent of voters favored debt payment. Twenty-one percent said state leaders should restore services cut during the recession, 16% said all of the money should be saved for future emergencies and 15%
The push is part of a broader change in strategy for Latino leaders. The movement built up its power as the fastest growing Democratic voting bloc in the country, one Obama himself relied on in both of his presidential campaigns. On the right, Republicans are focused on winning over more Hispanic voters. After losing minority