Investigation-April, 2012

Los Angeles teeters on the brink of bankruptcy

Monday, April 30th, 2012

April 30, 2012 By Brian Calle Taxpayers in Los Angeles are facing a major crisis if Mayor Antonio Villaraigosa and other officials do not begin to address the systemic, structural issues putting the city on the fast track to economic upheaval. The situation is similar to that in other California...

Gov. Brown punts on jobs creation

Monday, April 30th, 2012

April 30, 2012 By Joseph Perkins  California Gov. Jerry Brown appeared on CBS’s “Face the Nation” yesterday, during which he listed items “right at the top” of the state agenda, including pension reform, renewable energy, the California water plan and high-speed rail.  The governor ne...

Prop. 25 never promised accountability

Monday, April 30th, 2012

April 30, 2012 By Katy Grimes California voters were duped by Democratic politicians, and they will probably do it again. Proposition 25, the "no budget, no pay" measure, was the creation of über liberal former state Sen. John Burton. Prop 25 was sold to voters as an accountability measure in ...

The Prop. 25 bait and switch

Friday, April 27th, 2012

April 27, 2012 By Joseph Perkins For years, Sacramento’s tax-and-spend Democrats tried to figure out a way to persuade California voters to amend the state Constitution to require a simple -- rather than two-thirds -- majority of the Legislature to pass the state budget. In 2010, they finally h...

AB 1692 could halt city bankruptcies

Thursday, April 26th, 2012

April 26, 2012 By Katy Grimes SACRAMENTO -- Bankruptcy still haunts California cities six months after Gov. Jerry Brown signed into law AB 506. Written by Assemblyman Bob Wieckowski, D-Fremont, the bill made it more difficult for municipalities to file bankruptcy, such as requiring negotiations wi...

Brown needs to cut moonbeams, not welfare

Friday, April 20th, 2012

Commentary April 20, 2012 By Wayne Lusvardi California Gov. Jerry “Moonbeam” Brown recently issued a phony challenge to the state legislature to “man up” and cut services out of the state budget to resolve a lingering $9 billion deficit. Brown was telling the legislature to remove the pr...

Ending Prop. 13 would slam small business

Thursday, April 19th, 2012

April 19, 2012 By Wayne Lusvardi There is a big elephant in the room when it comes to a conversation about getting rid of Proposition 13, the 1978 tax limitation measure, by instituting a "split roll." Under such a change, business property would be taxed at higher rates than residences. The elep...

California declares land war on families

Wednesday, April 18th, 2012

April 18, 2012 By Wayne Lusvardi Everyone knows that California has water wars.  But it also has land wars. And one of the biggest battles is the state’s land war against zoning for the suburban single family home. And a war against single-family homes is a war against suburban families. Calif...

Warning for CA: Harrisburg confronts bankruptcy

Tuesday, April 17th, 2012

Editor’s Note: This is the seventh in a Special Series of 12 in-depth articles on municipal bankruptcy. In a warning for California, it examines the bankruptcy of Harrisburg, Pa. April 17, 2012 By Tara Leo Auchey What happened in Harrisburg, Pa.? One day there was nothing but mu...

Actually, tax increase would slam Calif. economy

Tuesday, April 17th, 2012

April 17, 2012 By Wayne Lusvardi Dan Walters, call your office!  Or call a reputable economist for therapy. Walters writes that a marginal tax rate increase amounting to $9 to $10 billion in new revenue would reflect only 0.5 percent of the total state Gross Domestic Product.  And it would incr...

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