skip to main content
skip to newscasts

Saturday, November 23, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump suffers first defeat but as always doubles down for the next fight; From Ohio to Azerbaijan: How COP29 could shape local farming; Funding boosts 'green' projects in Meadville, PA; VA apprenticeships bridge skills gaps, offer career stability.

view newscast page
play newscast audioPlay

Trump has a new pick for Attorney General, his incoming "border czar" warns local Democratic officials not to impede mass deportation, and the House passes legislation that could target any nonprofit group accused of supporting terrorism.

view newscast page
play newscast audioPlay

The CDC has a new plan to improve the health of rural Americans, updated data could better prepare folks for flash floods like those that devastated Appalachia, and Native American Tribes could play a key role in the nation's energy future.

Education Groups Call for Oversight of CA State Tax Credits

play audio
Play

Wednesday, April 17, 2019   

SACRAMENTO, Calif. - Education groups are calling for more sunshine in the Golden State, with a bill that demands greater accountability for the billions of dollars of tax breaks California gives to commercial interests.

Senate Bill 468 would sunset many business tax credits by 2023 and require that any extensions be justified with hard data. State legislative analysts would be directed to determine whether the tax credits are really bringing the benefits they promised.

"The people of California give enormous tax breaks to a lot of corporations," said state Sen. Hannah-Beth Jackson, D-Santa Barbara, who authored the bill, "and it's to the detriment of our schools and to the detriment of other policies, like creating more affordable housing and working on wildfires."

SB 468, which has a hearing set for May 1, targets nine of the most generous tax breaks. One, known as the "Water's Edge" credit, determines how multinational corporations pay their state taxes. Others subsidize airline fuel on international flights or give sales-tax exemptions for animal feed, farm machinery and custom software. Each tax break has its own supporters, many of whom say the state should be more-business friendly, not less.

The California Department of Finance estimates that, from 2008 to 2021, tax incentives will have cost the state $500 billion. Dennis Meyers, assistant executive director for government relations for the California School Boards Association, said the analyses would provide lawmakers with the data to decide which tax breaks might have outlived their usefulness.

"It could lead to $3 billion more a year, if all of these show that they're not producing and not worthy of reinstatement," he said. "That could lead to significant investment to move that needle in per-pupil funding."

Proposition 98 requires that schools automatically get more funding as the general fund grows. California ranks 44th in the nation in per-pupil spending, despite being the wealthiest state and the world's fifth-largest economy.

The text of SB 468 is online at leginfo.leglslature.ca.gov.


get more stories like this via email

more stories
The smoking rate among adults in Maryland is 9.6%, much lower than the national average of 12.9%. (Adobe Stock)

Health and Wellness

play sound

A new report on lung cancer by the American Lung Association showed Maryland has quite a bit of room to improve diagnoses and treatment but experts sa…


Social Issues

play sound

La Niña is bringing a cooler, wetter winter to Oregon and likely driving up heating bills as systems work harder. This is the third year of …

Environment

play sound

The number of pedestrians and bicyclists killed on roadways in the U.S. has nearly doubled in the past 12 years and a New Mexico researcher wants to …


Social Issues

play sound

CLARIFICATION: We updated language to clarify the timing for when the study's authors began tracking certain outcome measures for children within the …

Health and Wellness

play sound

By Kyla Russell for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service C…

Social Issues

play sound

A recent study from Florida Atlantic University highlights a concerning rise in alcohol-related deaths across the United States, with mortality rates …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021