Gov. Jerry Brown’s landmark law that sends additional dollars to K-12 students from disadvantaged communities will meet its funding goals two years ahead of schedule under a budget proposal to be unveiled in Sacramento on Wednesday.
The governor’s budget, according to sources who spoke on the condition they not be identified, will commit to full financing of the Local Control Funding Formula at a cost that could be close to $2.6 billion in the fiscal year that begins in July.
Proponents of making a dramatic change to California’s landmark Proposition 13 property tax restrictions took their first step to getting a measure on the November 2018 statewide ballot Friday. The change would allow the state to charge higher property tax rates on commercial and industrial properties, an effort known as “split roll” because existing tax protections on homes would remain in place. Advocates of the measure, including the League of Women Voters of California and community organizing nonprofits California Calls and PICO Network said the change could raise billions of dollars that could be spent on public schools and community colleges.
California climate regulators on Thursday approved a detailed plan for the state to meet its 2030 carbon reduction goals. The effort, known formally as the “scoping plan,” details the state’s strategies for reducing greenhouse gas emissions 40% below 1990 levels over the next 13 years as a way to fight climate change.
State regulators want Pacific Gas & Electric Co. to replace three natural gas plants with energy storage, a move that represents another significant step toward a clean energy future. The California Public Utilities Commission will vote Jan. 11 on the proposal that would require PG&E to seek clean alternatives to replace the three fossil-fuel plants.
California’s economic engine has slowed somewhat in 2017 and that’s expected to continue in coming years as employers have trouble finding workers in the expensive state, according to a new report.
The latest UCLA Anderson Forecast, released Wednesday, calls for job growth of 1.8% by year’s end, 1.6% in 2018 and 1.2% in 2019. That’s not necessarily a bad thing, economist and forecast director Jerry Nickelsburg said.