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Congresswoman Lee Calls for a New War On Poverty

We know what works to end poverty in America. While House Republicans push forward draconian cuts to safety net programs, my colleagues and I will continue to fight for investments in proven anti-poverty programs. Instead of more failed trickle-down economics ...

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Treasurer Sells Nearly $1.5 Billion in Bonds

The refunding, similar to a homeowner refinancing his or her mortgage, will save taxpayers approximately $250 million in interest costs over the remaining life of the bonds. The savings, when calculated on a net present value basis, is approximately $195 million. ...

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CA Controller’s March Cash Report Shows Higher-Than-Expected Revenues

SACRAMENTO—March state revenues surpassed estimates in Gov. Jerry Brown’s proposed 2016-17 budget by $218.6 million, with both the corporation tax and the retail sales and use tax beating expectations, State Controller Betty T. Yee reported. Overall, total revenues of $7.40 billion outstripped projections in the proposed budget released in January by 3 percent. Corporation tax revenues of $1.71 billion were ...

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