|
California voters will be pummeled this fall by both sides of a complex, high-stakes political battle over how the state's legislative, congressional and Board of Equalization seats are divvied up for the next decade.
|
|
The threat is intended both to speed up budget negotiations in the Legislature and to push union leaders to the collective bargaining table. Last week, Schwarzenegger announced tentative deals with four labor unions. If ratified, those workers would be exempt from the minimum wage order, as Endsley noted in the memo.
|
|
Assembly Democrats have quietly halved the size of a controversial borrowing plan in their budget, recognizing legal pitfalls that could undermine their idea, according to an Assembly source.
|
|
The Local Taxpayer, Public Safety and Transportation Protection Act of 2010 would prohibit the state from borrowing or redirecting cash from local government property taxes, gasoline taxes, local transit and redevelopment funds and other locally issued taxes to close a state budget gap.
|
|
Assembly Democrats want to borrow nearly $9 billion against future oil production taxes to help solve the state's $19.1 billion deficit, but Treasurer Bill Lockyer said today he can't sell such bonds to Wall Street.
"We have to have a clean opinion from the Attorney General's Office to sell bonds," said Lockyer, a Democrat who oversees state borrowing. "So far, we don't."
|
|
More Articles...
|