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  • Jerry Brown Wants 42% Gas Tax Hike to Bail Out CalPERS

    01/15/2017 9:58:11 AM PST · by Jim Robinson · 114 replies
    Breitbart ^ | January 15, 2017 | by CHRISS W. STREET
    Despite tax collection increasing by 50 percent in the last 9 years, California’s public pension insolvency is forcing Gov. Jerry Brown to propose a dangerously unpopular 42 percent increase in gasoline taxes and a 141 percent increase in vehicle registration fees. Breitbart News reported on January 9 that Gov. Brown announced that for the first time since 2012, California’s $122.8 billion General Fund Budget is in deficit by $1.6 billion. Despite a near bankruptcy during the financial crisis, California’s tax revenues have increased by about $43 billion in the last 9 years. Brown on Monday only suggested relatively painless spending...