Budget and Finance

Analysis: Kashkari unveils economic plan
Tuesday, March 25th, 2014

Neel Kashkari is running for governor under the slogan, "Jobs. Education. That's it." The Republican businessman today released his detailed, 26-page plan for the first part of that promise: Jobs. The title is, "Neel Kashkari's Jobs Plan: Rebuilding the Middle Class." The plan begins by attacking...

San Jose Mayor Reed folds on pension initiative
Wednesday, March 19th, 2014

In a disappointing indicator of the challenges facing public pension reform, outgoing San Jose Mayor Chuck Reed has shelved his statewide ballot initiative designed to address the problem. The mayor blames a time crunch and unappealing language used in Attorney General Kamala Harris' ballot summa...

Cal Lutheran: State growth anemic next 2 years
Saturday, March 15th, 2014
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California's economic recovery remains anemic and a two-year projection put forth in the March forecast of the Center for Economic Research and Forecasting at Cal Lutheran predicts more of the same. Here's the chart:   Notice that growth the next two years will average only about 3 pe...

Art Laffer: It’s pretty cool that Democrats know we need lower tax rates
Tuesday, March 11th, 2014
Art Laffer: It’s pretty cool that Democrats know we need lower tax rates

Art Laffer discusses bipartisan tax reform with lower rates and a flatter base. http://youtu.be/ymhWiayq3EE  

Feds give CA breathing room on bullet-train matching funds
Wednesday, February 26th, 2014
FRA

There's been another funding twist for the California bullet-train project. The Federal Railroad Administration has agreed to delay the due date for $180 million in state matching funds for the project from April 1 to July 1,  according to a press release from Rep. Jeff Denham’s office. Th...

Hoover conference reaches consensus on some areas of pension reform
Thursday, February 20th, 2014
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Today the Hoover Institution released a crucial document in California's debate over pensions, "California Public Pension Solutions: Post-Conference Report." The conference itself took place last October. But its debates and findings now have been compiled for everyone to read and analyze. The do...

CA jobs growth continues strong
Wednesday, February 12th, 2014
Chapman Employment Indicator

New data show strong jobs growth continuing in California throughout the year. That's good news for the state's workers. And it's especial good news for one jobholder in particular: Gov. Jerry Brown, who is being coy about a re-election run but likely will go for a fourth term. The California Ind...

UC workers schedule strike vote
Thursday, January 30th, 2014

The University of California system's largest union, AFSCME 3299, announced last Wednesday that it's scheduled a mid-February strike vote for its 8,300 Service Unit members and a sympathy strike vote among its 13,000 Patient Care Technical Unit members. The union, which represents employees in the...

Will CA green-energy policies backfire like Germany’s did?
Monday, January 13th, 2014

Will California’s new green energy regime suffer the same fate as Germany’s Energiewende? In Europe, wholesale prices for solar and wind power have dropped below the cost to produce it. This has resulted in Germany having to rapidly build new polluting coal-fired power plants to offset the u...

Gov. Brown's budget largely ignores massive debt
Friday, January 10th, 2014

SACRAMENTO -- Gov. Jerry Brown yesterday released his state budget proposal for fiscal year 2014-15, which begins on July 1, with spending sharply higher than last year, despite promises of fiscal restraint. The governor’s $155 billion total spending plan increases the general fund spending ...