January 18, 2017 Disclaimer: Please read.
Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.
Calif. Governor, L.A. Mayor Push Plans to Boost Entertainment Tax Credit, Minimum Wage
Posted on Aug 27, 2014
On Wednesday, California Gov. Jerry Brown and Los Angeles Mayor Eric Garcetti were inching closer to resolution on two big economic goals for the state and city, respectively.
Brown was busy tackling the pressing issue of how to woo film and television productions back after a lengthy era of mass exodus spurred by better deals on tax credits in other states. As the Los Angeles Times reported that morning, Brown has given the green light to a measure offering a big boost in funding for the Golden State’s tax-credit program:
The deal is expected to clear the state Senate by the end of the week.
Meanwhile, in L.A., Garcetti was weighing a plan to increase the city’s minimum hourly wage by about $4.50 over the next three years, which would put it near $13.50 by 2017.
Should he go forward, Garcetti will be tasked with convincing local business leaders that the wage increase will have a positive overall impact. Here’s more on that challenge from the Los Angeles Daily News:
The proposal on Garcetti’s desk still falls short of the goal of lifting the bar to $15 an hour (plus workers’ ability to form unions) that some labor activists are backing. Seattle officials voted unanimously in June to bring their city’s pay scale to the $15-an-hour level over the next few years, although opponents are challenging that move through campaigns and courts.
—Posted by Kasia Anderson
Square, Site wide
New and Improved Comments