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THE NOONER for March 19, 2012

Good morning from the beautiful winter wonderland that is Yosemite. 

In the fastest turnaround that I've seen, if not ever, the attorney general's office granted the compromise tax measure a title and summary late Friday. The title is the same as the governor's original plan: "Temporary Taxes to Fund Education. Guaranteed Local Public Safety Funding. Initiative Constitutional Amendment." Here's the estimated revenue from the LAO:

2012-13
Old: $4.8b-$6.9b
Compromise: $6.8b-$9b

2013-14 through 2015-16
Old: $5.5b-$6.9b
Compromise: $5.4b-$7.6b

2016-17
Old: $3.1b-$3.4b
Compromise: $5.4b-$7.6b

2017-18
Old: $0
Compromise: $5.4b-$7.6b

2018-19
Old: $0
Compromise: "lesser amounts"

The quick turnaround of the measure was a huge benefit for the governor and proponents. Ordinarily, a title and summary can take 40 days, and the AG's office typically uses the entire window to avoid accusations of favoritism. 

Even so, it is rumored that initiative petitions will hit the streets today at a bounty significantly higher than the $1-$1.50 paid for tax petitions just a couple of weeks ago. With only about six weeks to collect signatures, the price goes up.

Joe Mathews tweeted yesterday "should you quit your job to circulate petition for @JerryBrownGov & CFT initiative? It's on street tomorrow at $3 per sig."

That'll cost about $3.3 million for the 1.1 million or so signatures the effort will need. The governor's committee reported $210,000 on Saturday, including $125,000 from Aera Energy, a Bakersfield oil and gas producer that fears an oil severence tax.

AURAL PLEASURE: John Myers and Anthony York cover the deal on the Capital Notes podcast.

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Policy hearings get into full steam this week, with fifteen committees meeting, giving a first read for dozens of bills.

ICYMI: Donnelly Seeks Plea Deal [Jim Sanders @ SacBee]

2 LEGIT 2 QUIT: Fortune has the story of how Bay Area angel investor Ron Conway pulled together the stars in the independent "2 Legit 2 Quit" viral video for Ed Lee's campaign for San Francisco mayor.

 

TOP HEADLINES ON AROUNDTHECAPITOL.COM AS OF 12:00PM
Analyst Sees $2 Billion Less In Brown Tax 2.0
John Myers @
blogs.kqed.org
Governor Jerry Brown is no doubt happy that his modified tax increase initiative has already received its fiscal vetting, less than 48 hours after being formally introduced.

Lawmakers React To CalPERS Struggles
dailybulletin.com
CalPERS is the nation's largest public pension fund and has requested state, local government and school districts increase contribution rates.

New CSU Presidents Slated To Get Maximum Pay Increases
californiawatch.org
In the first test of the California State University system's recently approved executive compensation policy, the presidents appointed to lead CSU East Bay and CSU Fullerton are slated to each receive the maximum salaries allowable under the new rules.

CalPERS Earnings Lag Big Funds, Changes Planned
Ed Mendel @
calpensions.com
Nearly all of the nation’s larger public pension funds, 99 percent, have better investment earnings than CalPERS since the economy began a steep drop five years ago, a Wilshire consultant report said last week.

SF Sheriff Faces Sentencing For False Imprisonment
sacbee.com
Embattled San Francisco Sheriff Ross Mirkarimi faces sentenced for false imprisonment in a closely watched domestic violence case involving his Venezuelan actress wife, in a dramatic saga that has gripped his city for nearly three months.

California's Right Is Left Aside
George Skelton @
latimes.com
The deal to combine two competing tax-hike initiatives was cut between the left and far left.

Food Policies On The Table
Torey Van Oot @
sacbee.com
From artisanal breads and homemade jams to gluten-free goods, some of the year's most buzzworthy food movements are sprouting under the Capitol dome.

Budget analyst leery about Jerry Brown's in-home care cutbacks
blogs.sacbee.com
In-Home Supportive Services (IHSS) has been one of the state's fastest growing programs during the last decade, and both Democratic Gov. Jerry Brown and his Republican predecessor, Arnold Schwarzenegger, have tried to rein in costs, only to collide with political and legal roadblocks.

Delta Pipe's Impact On Water Bills Could Sink Plan
Wyatt Buchanan @
sfgate.com
Of all the unanswered questions about a plan that could result in a giant pipeline to move water out of the Sacramento River, and under the fragile Sacramento-San Joaquin River Delta, perhaps the biggest is how high...

House GOP's Ryan To Unveil New Budget
Rosalind S. Helderman @
washingtonpost.com
A year ago, embracing Ryan’s budget with its deep spending cuts and a proposal to privatize Medicare, became a badge of loyalty for conservatives. Democrats, meanwhile, used the plan as a political cudgel, accusing the GOP of working to end the retiree health program.

The Caucus: For Conservatives on Health Law, It's 'Repeal or Nothing'
JONATHAN WEISMAN @
nytimes.com
As Republicans observe the second anniversary of the signing of President Obama's health care law this week, a new motto is emerging that could hurt the law's implementation: Repeal or nothing.

How Brown, union agreed on new tax hike proposal
Anthony York @
latimes.com
The governor feared that his plan would fail if the two competing measures appeared on the ballot. The California Federation of Teachers had sought talks since November.

Metropolitan Water District Wages Costly War With Nature And Age
Michael Hiltzik @
latimes.com
The Metropolitan Water District is refurbishing parts of the Julian Hinds Pumping Plant near Joshua Tree National Park, vastly extending the useful life of some equipment, but also driving up water bills in Southern California.

Thousands Of Qualified Candidates Wait For Shot At A State Job
Jon Ortiz @
sacbee.com
California state workers' collective image has taken a beating the last few years, but new job application numbers show that plenty of people would love to join them.

Candidate in D.A. race files suit over Trutanich ballot descriptions
Louis Sahagun @
latimes.com
Alan Jay Jackson, a deputy district attorney, wants to prevent L.A. City Atty. Carmen Trutanich from calling himself 'chief prosecutor' or 'chief criminal prosecutor' on the June ballot. He says the descriptions are 'factually untrue' and intended to fool voters.

Lower CalPERS Return Rate Threatens Local Coffers
sbsun.com
Local officials say funding for services are expected to take another hit with the California Public Employee's Retirement System lowering investment return forecasts last week.

No on Prop. 28: Term Limits and the Federalist Papers
John Hrabe @
flashreport.org
The Framers believed that politicians should go back and live under their laws. Of course, I wouldn’t recommend that either side of the term limits debate frame their message around the Federalist Papers.

The Caucus: Debates on 'Obamacare' and 'Romneycare' Return
MICHAEL D. SHEAR @
nytimes.com
The health care reform law's two-year anniversary and Supreme Court arguments on its constitutionality will push the subject to the front of political agenda in the coming weeks.

Federal Contractors Donate To 'super Pac' Backing Romney
Ian Duncan and Matea Gold, Washington Bureau @
latimes.com
Companies with federal contracts have donated $890,000 to a 'super PAC' backing Republican presidential candidate Mitt Romney. It's unclear whether a law that bans such giving is still valid after the Supreme Court's Citizens United ruling.

Romney, after Puerto Rico victory, says he can lure Latino voters
John Hoeffel @
latimes.com
Buoyed by a blowout win in the Republican primary in Puerto Rico, Mitt Romney extrapolated from what he called an “extraordinary victory” on Sunday to the general election, suggesting that he could also win enough Latino votes in November to oust President Obama.

The Caucus: Obama Raised $45 Million for Re-election in February
SARAH WHEATON @
nytimes.com
President Obama's re-election team announced that it raised $45 million for the campaign and Democratic National Committee, a considerable increase from his January haul.

State's 49th Assembly District Home To Changing Demographic And Multi-ethnic Coalition
sgvtribune.com
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S.F. Mayor Lee Looking At Way To Oust Mirkarimi
Phillip Matier,Andrew Ross @
sfgate.com
As San Francisco Sheriff Ross Mirkarimi heads to court today to end to his legal troubles, he's facing another potential challenge. For the past week, Mayor Ed Lee has been in consultation with City Attorney Dennis...