Assembly approves local spending cap for 70 million saving
In Sacramento the Assembly Revenue and Taxation Committee approved AB337 to cap local government spending at prior year collection plus a cost of living and population growth. The bill would add 60 million for schools but cut 130 million in property tax revenue for cities counties and special districts to reach a net 70 million savings for taxpayers. It sets a cost of living cap up to eight percent and raises the school district growth limit to eight percent while cities and counties stay capped at that level.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Assembly Revenue and Taxation Committee
Boatwright
Revenue and Taxation Committee
Senate panel kills Beilenson auto mechanic certification bill
A California Senate Business and Professions Committee defeat blocks SB894 by Sen. Beilenson, ending plans for a voluntary state testing and certification program for auto mechanics. The measure would have let 55,000 mechanics seek a certificate after tests while unions opposed the proposal.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Senate
Anthony C. Beilenson
Los Angeles
Business and Professions Committee
Beilenson
California
New York City's Solvency Hopes Dented by Audit Report
Washington based Arthur Andersen & Co raises doubts about New York City's ability to regain solvency despite 2.3 billion in federal loans and a further 140 million loan approved by Treasury Secretary William Simon. The audit cites overestimated revenues, underfunded pensions, and weak accounting controls as key risks.
MENTIONED IN THIS ARTICLE
Washington
UPI
The
Treasury
New York City
William Simon
Ford
Congress
Simon
Arthur Anderson & Co
Vatican rejects liberalized sexual code in Catholic doctrine
The Vatican released an unprecedented sexual ethics declaration denouncing premarital sex and homosexual acts while urging compassion for individuals with same sex attraction. It reaffirmed that sexual acts belong within marriage and that church teaching remains current despite cultural shifts.
MENTIONED IN THIS ARTICLE
Vatican City
UPI
Vatican Today
Vatican
Paul VI
Sacred Congregation For the Doctrine of the Faith
Consumer adviser counters funeral myths in FTC push
Virginia Knauer urges FTC to broaden funeral industry crackdown with consumer manuals. She says embalming is not always required and many caskets use misleading designs, stressing that cremation or natural decay are often the real outcomes and raising questions about guarantees and corrosion risks.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Virginia Knauer
Federal Trade Commission
Knauer
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Daniel Boatwright
Concord
Ways and Means Committee
Colonel Sanders
East Ocean
Seasata
NASA
Teamsters and
Machinists
VALE
Joystone Green
Eiteat
VAVE
Coe
Ames
Opte- W
Onky
Sion Ath
G&s Carpet
Goodyear
Builders Emporium
Broadway
Santa Maria
West Main
Blosser
Guadalupe
New York
Nin
SAVE
B Interior Systems
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