News Panel: Pension Reform, "Amazon Tax," and more
As the legislative session winds down, Gov. Jerry Brown has been sent hundreds of bills, approving an overhaul of the state's underfunded pension system by changing retirement benefits for new employees. Gov. Brown is also making his case to voters for approval of his tax measure on the November ballot. On September 15, the so-called Amazon tax kicks in, requiring hundreds of online retailers to charge sales tax to California consumers. It is estimated to boost tax revenue in the state by as much as $300 million annually, and may set the stage for federal legislation.
- Josh Richman, Bay Area News Group
- Michelle Quinn, Politico