Budget and Finance

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Chiang: State Broke on March 8 12

JAN. 31, 2012 By CHRISS STREET State Controller John Chiang shocked California legislators today when he sent a letter announcing that the state will run out of cash on March 8. That is, unless Legislature allows state Treasurer Bill Lockyer

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CA Bucks National School-Choice Reforms 3

The following first appeared in City Journal California. JAN. 30, 2012 By LARRY SAND January 22 through 28 marked the second annual National School Choice Week. While much of the rest of the country can celebrate some successes since last

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Apple Cracking Textbook Racket

John Seiler: The biggest ripoff going is textbooks for K-12 and, even worse, college. I know some college kids who spend way more than $1,000 a year for required textbooks for their college classes. Usually the texts are sub-par regurgitations

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Redevelopment Agencies Facing Default 3

JAN. 23, 2012 By CHRISS STREET Public officials are scrambling to deal with the California Supreme Court’s decision in California Redevelopment Agency vs. Matosantos. It upheld the elimination of the RDAs last year by Gov. Jerry Brown and the California

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LA Students Regurgitate Govt. Food 3

John Seiler: Food fight! I love it when kids rebel against the government schools. Reported CBS Los Angeles: “The revamped school lunches at Los Angeles Unified School District have won awards, commending them for improving the menu at the second

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Brown: Proving The ‘Declinists’ Wrong 11

JAN. 18, 2012 By KATY GRIMES Was it Gov. Jerry Brown’s State of the State address today? Or the “more show than substance” address, as some lawmakers dubbed it? Brown defended High-Speed Rail, pushed for implementation of AB 32, touted economic

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CA Credit Rating Nothing to Celebrate 0

JAN. 17, 2012 They were slapping high fives in the offices of state Treasurer Bill Lockyer this week. Why the celebration?  Because California no longer has the nation’s worst credit rating, according to Moody’s Investors Service. “The reason we’ve improved

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CA Should Sell Univ. Football Teams 0

John Seiler: To avoid bankruptcy, any sensible business or family begins selling things: cars, TVs, computers, office furniture, etc. Otherwise, the stuff might be sold anyway at a bankruptcy auction. Not California. The state owns billions of dollars of property

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CA Running Massive Cash Deficit 9

JAN. 12, 2012 By CHRISS STREET The California state government’s general fund is running a staggering cash deficit of $21 billion on an $88.5 billion budget. The number comes from Controller John Chaing just-released financial statement for December 2011. The

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LAO: Brown Numbers Don’t Compute 8

JAN. 12, 2012 By JOHN SEILER Gov. Jerry Brown’s budget proposal contains more smoke than a forest fire. More mirrors than a funhouse. And more empty promises than a presidential candidate’s platform. So much for his solemn pledge, in his

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