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Los Angeles teeters on the brink of bankruptcy

November 13, 2012 By admin. Editor’s Note: This is the Tenth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy Nov. 13, 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 t...

‘Polluter class’ facing more tax increases

November 12, 2012 By admin. Nov. 12, 2012 By Katy Grimes Now that Gov. Jerry Brown’s wishes have all come true with the passage of Proposition 30 and hefty tax increases, taxpayers and business owners are hoping that he has a heart and puts an end to the upcoming cap and trade auction. However, hoping for change hasn’t worked out very well for the state’s business class. A state agency most Californians h...

Bankruptcy Series: What are the alternatives to bankruptcy?

November 12, 2012 By admin. Editor’s Note: This is the Ninth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 12, 2012 By Tori Richards It was 1975 and New York City was running out of cash. Its excessive spending and lack of financial oversight created a $14 billion debt, with more than half of it short-term. A request for a bailout from the federal government, headed b...

Prop. 31 would have ended California’s republic

November 9, 2012 By admin. Nov. 9, 2012 By Wayne Lusvardi How could all of the following so-called impartial ballot guides miss a key controversial component of Proposition 31 that would have ended the original republican form of local government in California? * The California Legislative Analysts Office; * The Official State Voter Guide, Arguments FOR and AGAINST; * The League of Women Voters of California; *...
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