Budget and Finance

VIDEO: The Truth (and Lies) about Income Inequality, with Grover Norquist

Thursday, September 25th, 2014
NEW: VIDEO: The Truth (and Lies) about Income Inequality, with Grover Norquist

Want to solve income inequality? Washington can't do it by hiking taxes. CalWatchdog.com editor Brian Calle discusses with American for Tax Reform president Grover Norquist.   ...

Controller’s website opens local governments’ books

Friday, September 12th, 2014
Chiang Website

State Controller John Chiang continues to deliver on his promise of government transparency. The state's chief financial officer announced Monday a new open-data website that provides Californians with more than a decade's worth of financial data for local governments. The site, ByTheNumbers.s...

CA high court asked to review bullet-train ruling

Thursday, September 4th, 2014
Kings County

Arguing that an appellate court ruling endangers the public’s faith in future bond initiatives,  the attorneys for the Tos/Fukuda/Kings County group challenging the state's bullet-train plans on Tuesday asked the California Supreme Court to review the recent decision reversing trial-court rulings...

After gamble backfires, L.A. demands refund from banks

Tuesday, September 2nd, 2014
interest-rate-swaps-7

  In the San Francisco Bay area, public transit riders are paying $104 million in higher rider fees to cover the cost of exotic financial insurance known as an interest rate swap. In Detroit, the inability of the city to make interest rate swap payments signaled eventual bankruptcy. So the r...

Bill could double car registration fees

Wednesday, August 20th, 2014
California traffic sign, wikimedia

  A bill that could double California counties’ vehicle registration fees has passed the Legislature, and is awaiting a signature or veto from Gov. Jerry Brown. Assembly Bill 2393, by Assemblyman Marc Levine, D-San Rafael, authorizes counties to charge annual $2 registration fees on non...

CA Senate pushes $400M Hollywood tax credits

Tuesday, August 19th, 2014
Hollywood Sign

A California Senate committee wants to quadruple the entertainment industry subsidies keeping production in Hollywood. With a unanimous vote, the appropriations committee passed a $300 million increase in tax credits for film and television, bringing the size of the controversial program up to $...

Video: Schiff: The next economic crisis

Wednesday, August 6th, 2014
NEW: Video: Schiff: The next economic crisis

Can we spend our way toward prosperity? Will the world move away from pricing oil in dollars? Peter Schiff tells Cal WatchDog.com's James Poulos about the coming consequences of our economic policies and why you can't rely on the dollar. Who will leave California next? Who will leave the United ...

Video: Peter Schiff on economic collapse

Tuesday, August 5th, 2014
NEW: Video: Peter Schiff on economic collapse

Can American economic policies continue failing? Will California's real estate always go up? Interviewed by CalWatchDog.com's James Poulos, Peter Schiff says we have to admit we have a problem … and we all need a lot of economic rehab. ...

The myth of California’s underpaid public school employees

Monday, July 28th, 2014
Prop. 30

  Eduardo Benard, a custodian at San Francisco’s Leonard R. Flynn Elementary School, received $107,912.31 in pay and benefits in 2013. He was one of 31 custodians employed by California public schools that boasted more than $100,000 in compensation last year, according to just-release f...

Video: Peter Schiff on the gold standard

Monday, July 28th, 2014
NEW: Video: Peter Schiff on the gold standard

Businessman and investment broker Peter Schiff sits down with CalWatchdog's James Poulos to discuss whether or not the gold standard can save the economy ... and what's China doing with all that gold? http://youtu.be/ZininIyXcVc