The revival of California’s economy and a rising housing market mean some hefty property tax increases for homeowners, the Legislature’s budget analyst believes. When property values were dropping sharply during recession, county tax assessors adjusted tax rolls downward, which then lowered property tax bills. Many property owners also applied for reductions. Read more here from The Sacramento Bee. Like this [...]
The estimated cost of building a key Central Valley segment of the California bullet train has increased by nearly $1 billion from the original estimate, based on figures in an environmental impact statement approved by the rail agency Wednesday. The estimate, prepared for the state by a team led by San Francisco-based engineering firm URS [...]
The state of California is $340.7 billion in debt and while it is on track to repay much of the sum, it’s not doing anything about unfunded liabilities for teacher pensions and state retiree health care, the Legislature’s budget analyst said Wednesday. Read more here from the Sacramento Bee. Like this post? Chip in $5 [...]
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The troubled Central Basin Municipal Water District violated the state’s open meeting laws when it created a $2.7-million fund in virtual secrecy, an investigation by the agency’s attorneys concluded. The fund, created for a groundwater storage project, was managed without public hearings or notifications, and records related to it were among those subpoenaed by federal [...]