While the Legislature has yet to officially vote on the budget package, lawmakers and the Governor announced a deal yesterday that includes the Governor’s more conservative revenues estimates and limited spending increases. The deal also includes the Governor’s proposal to loan $500 million in Cap and Trade auction revenues to the State’s general fund. The [...]
California is not shy of controversy, particularly when it comes to water. One only has to utter the words “the Delta” and many decade-long debates come to mind. Many recent discussions and impending decisions regarding the Delta have brought this natural resource back into the spotlight. But, what exactly is the Delta? The Delta [...]
In November, California voters rejected Proposition 19, a measure that would have legalized the recreational use of marijuana in the golden state. Despite earlier polls suggesting that Californians were ready for more lax pot laws, the measure was defeated 54 to 46 percent. CSAC took an official “oppose” position on the measure, largely based on [...]
It may be near 100 degrees in Sacramento, but the rain seems to be falling on the water bond parade, as lawmakers attempt to delay the measure until the 2012 ballot. Both Gov. Schwarzenegger and Senate President Pro Tem Darrell Steinberg have urged the Legislature to delay the $11 billion general-obligation bond package, originally slated [...]
The Federal Housing Finance Agency (FHFA) seems to have pulled the plug on a popular energy financing program that would have allowed homeowners to finance solar panels and other energy improvements through an assessment repaid through their property tax bills. In an official statement released yesterday, the Federal Housing Finance Agency (FHFA) reaffirmed its concerns [...]