With just 20 percent of the state’s population, the 10-county Bay Area (epitomized by the Golden Gate Bridge) generated a quarter of the $1.5 trillion in adjusted gross income (AGI) that Californians reported on their personal income tax returns in 2014, the last year for which complete data are available. That makes it very important for a state general fund budget that depends on income taxes for 70 percent of its revenue.
With just 20 percent of the state’s population, the 10-county Bay Area (epitomized by the Golden Gate Bridge) generated a quarter of the $1.5 trillion in adjusted gross income (AGI) that Californians reported on their personal income tax returns in 2014, the last year for which complete data are available. That makes it very important for a state general fund budget that depends on income taxes for 70 percent of its revenue. Guillaume Paumier www.gpaumier.org
With just 20 percent of the state’s population, the 10-county Bay Area (epitomized by the Golden Gate Bridge) generated a quarter of the $1.5 trillion in adjusted gross income (AGI) that Californians reported on their personal income tax returns in 2014, the last year for which complete data are available. That makes it very important for a state general fund budget that depends on income taxes for 70 percent of its revenue. Guillaume Paumier www.gpaumier.org
Political Notebook

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Political Notebook

A tale of two regions: In California’s economy, North trumps South — for now

August 13, 2017 12:07 AM

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