Budget and Finance

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Worst-case scenarios for CalSTRS and CalPERS

  Sometimes it’s good to consider worst-case scenarios. Maybe they won’t even happen, but it can help to look at every possibility. Two analysts have done that for California’s two biggest pension systems. As of the most current figures, the California

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Treasurer Chiang talks taxes and the economy

  With the rising conversation about extending Proposition 30‘s temporary taxes, I asked state Treasurer John Chiang if he would advise that the taxes be continued. Chiang said a promise was made that the taxes would be temporary and circumstances would

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Assembly subcommittee flunks UC budget

Tuition hikes marched to the head of the class at a recent hearing of California Assembly Budget Subcommittee No. 2 on Education Finance. Assembly members balked at a 28 percent tuition hike advanced by UC President Janet Napolitano and approved by the University of

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Leg Analyst: Fix CA lost-and-found program

California needs to find ways to improve its lost-and-found program. That’s the conclusion of a new report by Legislative Analyst Mac Taylor. He reviewed the state program for returning unclaimed property to its rightful owners. At the end of 2014, the state

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Appellate court pulls plug on utility charge

Taxes are taxes – even when collected by a city on a municipal service. That’s the recent ruling by California’s 3rd District Court of Appeal enforcing two tax-limitation initiatives, Propositions 13 and 26. The action threatens a source of revenue for

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Entrepreneurs fret over CA business climate

Although California’s economy is finally picking up after seven years of recessionary blues, many small business owners continue to feel government is hurting more than helping them. That was one of the messages from entrepreneurs at a Feb. 11 hearing

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CA jobs growth continues — with caution signal

California continues to enjoy fairly strong jobs growth — but new data released today (not yet online) by the A. Gary Anderson Center for Economic Research at Chapman University suggest caution may be warranted moving forward. The report’s headline: “California unemployment

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CA tech juggernaut jumps above rest of state

Apple Inc. continues to lead California’s high-tech economy — with no end in sight for now. The earnings it rang up for the last quarter of 2014, a record for any company, were based on selling 74.5 million iPhones worldwide. That’s a

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CA jobless down, but state faces competition

California took pride this week in the staggering news of Apple Inc.’s record quarterly earnings. And the state unemployment rate dropped in December to 7 percent, down from 7.2 percent in November — a vast improvement over the 12 percent of 2010 and 2012.

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CA lawmakers deal pair of online poker bills

State lawmakers have dealt out a pair of bills to legalize Internet poker in California. Assemblymen Mike Gatto, D-Glendale, and Reggies Jones-Sawyer, D-Los Angeles, have introduced separate proposals to allow online poker in the largest potential gaming market in the country. As many

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