Budget and Finance

San Bernardino bankruptcy shows pensions crowding out services

Wednesday, April 23rd, 2014
San Bernardino city seaL BANKRUPT

  In his novel “The Sun Also Rises,” California novelist Ernest Hemingway wrote, “How do you go bankrupt? Two ways: Gradually, then suddenly.” Case in point: the City of San Bernardino, which filed for bankruptcy in 2012. The pace of municipal bankruptcy there has been slow beca...

Sen. Steinberg dumps carbon tax idea

Monday, April 21st, 2014

State Senate President Pro Tem Darrell Steinberg, D-Sacramento, has given up on his plan to replace California's cap-and-trade law with a carbon tax on vehicles. At first, Steinberg wanted to simplify the way California regulated emissions. To do so, he suggested that revenue from a gas tax co...

Video: Can CA tax its way to prosperity?

Friday, April 18th, 2014
NEW: Video: Can CA tax its way to prosperity?

California taxes are going up, but according to Americans for Tax Reform's Grover Norquist, the new revenue isn't going solve any problems. He explains why real change in the state need to come in the form of pension reform. http://youtu.be/fN88iWbSRZk

Video: Is cap and trade good policy for CA?

Friday, April 18th, 2014
NEW: Video: Is cap and trade good policy for CA?

Writer Stephen Moore, formerly of the Wall Street Journal, discusses how California's energy policy is driving businesses out of the state. http://youtu.be/tdJHAobQgeA

Split-roll tax bill strikes at Prop. 13

Thursday, April 17th, 2014
Howard Jarvis

  Almost every year in the California Legislature Proposition 13 becomes a target for those seeking higher taxes. The 1978 tax-limitation measure, among other things, requires a two-thirds vote for local tax increases. As budget maneuvers heat up in the Legislature, state Sen. Lois Wolk, D-Da...

Video: Would a flat tax make CA’s comeback last?

Thursday, April 17th, 2014
NEW: Video: Would a flat tax make CA’s comeback last?

CalWatchdog.com editor-in-chief Brian Calle discusses the California economic comeback with writer Stephen Moore. http://youtu.be/4OJNdIKfKes

Video: An unsustainable recovery in California

Thursday, April 17th, 2014
NEW: Video: An unsustainable recovery in California

Former California State Finance Director Tom Campbell gives his take on California's economic outlook.   http://youtu.be/LJ7cvhzWgvE

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
cerf 1

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...