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
Also on KQED.org this week ...
Drought Watch 2015: Record-Low Sierra Snowpack
The Sierra Nevada snowpack, which typically supplies nearly a third of California's water, is showing the lowest water content on record: 6 percent of the long-term average for April 1. That shatters last year's low-water mark of 25 percent (tied with 1977).
"Boomtown" History of the San Francisco Bay Area
KQED's "Boomtown" series will seek to identify what is happening in real time in the current boom, and also draw out the causes and possible solutions to the conflicts and pressures between the old and the new.