Budget and Finance

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

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
Hoover 1

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 ...

Gov. Brown advances apparently balanced budget

Thursday, January 9th, 2014

Gov. Jerry Brown today advanced a budget proposal that apparently is balanced for fiscal year 2014-15, which begins on July 1. It would spend a record $106.8 billion on the general fund, which is up a hefty 23 percent from the $86.8 billion of his first budget three years ago, for fiscal 2011-12. ...

How will Brown budget proposal address pensions, taxes, debt?

Monday, January 6th, 2014

California's budget battles will begin on Friday when Gov. Jerry Brown releases his proposal for fiscal year 2014-15, which begins on July 1. The media and political buzz in the Capitol building is that the state has a surplus -- and maybe voters even are ready for higher taxes. "We now fin...

Local governments approve numerous tax increases: Part 2

Monday, December 2nd, 2013
Taxes, egyptian peasants, wikimedia'

This is Part 2 of a series of stories about tax increases passed throughout California in the November 5 elections. To read Part 1, click here. Last month, over two dozen tax increases passed in local municipalities throughout California. Voters approved measures to create or extend a variety of ...