Sacramento Bee -- Capitol Alert

The California Democratic Party has made its support of Gov. Jerry Brown's tax initiative official.

The party's executive board voted to endorse Proposition 30 at a weekend meeting in Anaheim. The measure would generate an estimated $8.5 billion in revenues assumed in the current state budget by temporarily raising income taxes on high earners and enacting a quarter percent hike in the state sales tax.

The board voted to oppose a rival tax initiative backed by civil rights attorney Molly Munger and the California State PTA. Proposition 38 would raise income taxes on a sliding scale for most Californians, sending the bulk of the revenues to schools and early childhood development programs.

It took no position on Proposition 39, a third tax measure that would raise about $1 billion annually by changing the state's corporate tax formula. The initiative, proposed by hedge fund manager Tom Steyer, would use revenues to fund clean energy projects and provide state budget relief. Speaker John A. Perez has introduced legislation that would make the same change and use the revenues to help California families pay for college.

See the full list of endorsements after the jump.

Continue reading California Democratic Party endorses Jerry Brown tax initiative .