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Science: Time to Freeze AB 32

JAN. 31, 2012 By CHRISS STREET California’s wildly expensive AB 32, Global Warming Solutions Act of 2006, is supposed to prevent man-made global warming. AB 32 took effect Jan. 1 — just in time for it to suffer another devastating scientific

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Redevelopment Agencies Facing Default

JAN. 23, 2012 By CHRISS STREET Public officials are scrambling to deal with the California Supreme Court’s decision in California Redevelopment Agency vs. Matosantos. It upheld the elimination of the RDAs last year by Gov. Jerry Brown and the California

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CA Running Massive Cash Deficit

JAN. 12, 2012 By CHRISS STREET The California state government’s general fund is running a staggering cash deficit of $21 billion on an $88.5 billion budget. The number comes from Controller John Chaing just-released financial statement for December 2011. The

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CA: Best State Billionaires Can Buy

Chriss Street: Jon Coupal, president of the Howard Jarvis Taxpayers Association, has come out with a powerful call to arms in opposition to a half dozen ballot initiatives funded by billionaire California crony capitalists. The tax increases often are designed

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Deadbeat California Needs a Payday Loan

JULY 15, 2011 By CHRISS STREET For the State of California and its counties and cities, tax collections tend to be lumpy during the year due to half of all income, corporate and other taxes being collected in the two months

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Fed Squanders Peace Dividend

John Seiler: This column by Chriss Street is not about California per se, but it’s an interesting read about federal monetary policy — something that always affects our state. BY CHRISS STREET The U.S. Federal Reserve Board’s second round of

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California Takes Huge Leap Toward Default

MARCH 15, 2011 BY CHRISS STREET California taxpayers just took a huge punch in the nose from the same actuaries who provided the cover for state politicians to spike public employee retirement benefits. The latest shocker comes from California State Controller John

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