Tag "John Chiang"
Back to homepageChiang: State Broke on March 8
JAN. 31, 2012 By CHRISS STREET State Controller John Chiang shocked California legislators today when he sent a letter announcing that the state will run out of cash on March 8. That is, unless Legislature allows state Treasurer Bill Lockyer
Read MoreRedevelopment 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
Read MoreCA 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
Read MoreCalifornia Tax Receipts Crashing
John Seiler: As I reported last week, there was little likelihood that California would get $4 billion in extra tax receipts the rest of the year. Yet two weeks ago the Democratic Legislature passed a “balanced” budget which included that
Read MoreBut — It's Still a Phony Budget
John Seiler: If a new budget passes as described in news accounts, Controller John Chiang should continue withholding legislators’ pay. That’s because the deal worked out between Gov. Jerry Brown and the dominant Democrats in the Legislature still would be
Read MoreJohn Chiang Blazes Future of CA Politics
JUNE 27, 2011 By JOHN SEILER As they said in old-school physics, nature abhors a vacuum. Passed last November, Proposition 25 marginalized California Republicans by dropping from two-thirds to a majority the threshold for passing a state budget. That left the
Read MoreLegislators Ordered to Forfeit Pay
JUNE 22, 2011 By KATY GRIMES Do the job right or don’t get paid. That was State Controller John Chaing’s message yesterday to the California Legislature. Chiang told media that the math did not add up in the budget passed
Read MoreBoo-Hoo: Perez Upset At Pay Loss
John Seiler: Assembly Speaker John Perez, D-Los Angeles, finally knows what it feels like to be the victim of his own policies. For years, he and other legislators have assaulted California businesses and jobs with absurdly high taxes and regulations.
Read MoreController Chiang Docks Leg Pay
John Seiler: In an unprecedented move, Controller John Chiang just suspended Legislators’ pay for not passing a budget by June 15, as is required by Proposition 25. In a press release, his office explained his action: His analysis sought to
Read MoreStem Cell Boondoggle Seeks New Boss
JUNE 20, 2011 By K. LLOYD BILLINGSLEY The California Institute for Regenerative Medicine (CIRM), the state stem-cell agency, is looking for a new boss. The quest for a new leader, and possibly more public money, has shifted attention from CIRM’s
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