PROJECTS :: San Diego's Regional Planning Agency Comprehensive Economic and Public Finance Projects The current tax system between the State of California and its local governments is an impediment to sustainable communities. The unpredictability of local government budgets makes it difficult to plan for and provide adequate infrastructure and public services. The current fiscal system restricts the freedom of local governments to manage their own fiscal affairs and thereby destabilizes local governments. Due to current tax distribution policies between state and local governments, local government officials have lost much of their control over tax revenues. SANDAG has identified solutions for transforming the current state-local fiscal relationship. SANDAG proposes a new system that provides: Our California representatives, as well as our business and civic leaders, need to develop a comprehensive solution to the problems inherent in the current state-local financial relationship. Project Manager
The Leveraged Sell-Out Laws governing the initiative process in California Citizens of California may initiate legislation as either a state statute or a constitutional amendment. In California, citizens also have the power to repeal legislation via veto referendum. The California State Legislature may also place measures on the ballot as legislatively-referred constitutional amendments or legislatively-referred state statutes. Referred amendments require a 2/3 vote of each chamber. Crafting an initiative Of the 24 states that allow citizens to initiate legislation through the petition process, several states have adopted restrictions and regulations that limit the scope and content of proposed initiatives. Single-subject rule See also: Single-subject rule In California, each proposed measure must address only one subject. See law: California Constitution, Article II, Section 8 (d) Subject restrictions More generally, a measure may not make any of its provisions dependent on a certain percentage of voters approving or disapproving of the measure. Starting a petition
Going Private My Visit to Occupy Wall Street's Bat Cave The main hallway of "the Occupied office" <a href=" Get your news from a source that’s not owned and controlled by oligarchs. Near the top of an office building at a secret address on Broadway in Lower Manhattan there’s a door hung with a yellow placard, reading, “This is a good sign.” “It’s obviously kind of a hub where information flows though,” Nathan Stueve, a member of OWS’ press team, tells me. Details about the Occupied office are hard to come by, a reflection of the movement’s post-eviction shift from radical transparency into something more akin to stealth mode. A member of the OWS Workspace Affinity Group, which oversees the space, declined to give me a tour or answer questions about it. The doorman makes sure only authorized people get in, “and not thieves or provocateurs or whoever else might try to come up here.” It’s hardly the movement’s only workspace.
Private Equity Beat Associated Press Despite challenging investment environments in many emerging markets these days, limited partners are still bullish about Africa, with 85% of global LPs polled in a survey by the African Private Equity and Venture Capital Association saying they expect to increase their exposure to African private equity over the next two years. AVCA, which polled 48 LPs collectively representing more than $150 billion in global private equity assets under management, said 70% expect returns from Africa to outperform other emerging markets, with nearly a quarter believing African private investments to have 5% or more return premium.
Legislative Information System > 2012 Session Dealbreaker: A Wall Street Tabloid – Business News Headlines and Financial Gossip