Daily 49er - Calif. oil, gas tax bill in Assembly:
"A bill that could give higher education funding in California a shot in the arm is currently in committee in the Assembly.
Assembly Bill 656, authored by majority leader Alberto Torrico, D-Fremont, would place a 9.9 percent severance tax on oil and gas extracted in California. According to a statement released by Torrico, the bill would raise approximately $1 billion for the University of California, California State University and California Community College systems.
The California Faculty Association has been collecting pledges in support of the bill since Oct. 12. Roughly 5,000 signatures were collected in the first week alone, according to CFA Communications Director Alice Sunshine.
CFA members spoke and collected pledges at Cal State Long Beach on Tuesday. Sunshine said the events have been successful in raising awareness and collecting signatures."
"A bill that could give higher education funding in California a shot in the arm is currently in committee in the Assembly.
Assembly Bill 656, authored by majority leader Alberto Torrico, D-Fremont, would place a 9.9 percent severance tax on oil and gas extracted in California. According to a statement released by Torrico, the bill would raise approximately $1 billion for the University of California, California State University and California Community College systems.
The California Faculty Association has been collecting pledges in support of the bill since Oct. 12. Roughly 5,000 signatures were collected in the first week alone, according to CFA Communications Director Alice Sunshine.
CFA members spoke and collected pledges at Cal State Long Beach on Tuesday. Sunshine said the events have been successful in raising awareness and collecting signatures."