Source: California Tax Foundation
Report
The proposed spending is more than double the $3.09 billion in cap-and-trade auction spending included in Governor Jerry Brown’s proposed budget, and comes at a time when the spending of auction revenue is under scrutiny. The auctions are generating billions of dollars a year for programs that are unrelated to those who are required to pay, but the process was not approved by a two-thirds majority of lawmakers, as the California Constitution requires for tax increases.
Report
The California Tax Foundation on October 1 released the state’s first comprehensive study of California parcel taxes, identifying more than $1.9 billion in parcel taxes imposed annually on property owners.
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