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New report: CA high-speed rail faces 50 percent cost overruns

SACRAMENTO – California’s ongoing “high-speed rail” project connecting Los Angeles with San Francisco continues to run up against the same, recurring problem since voters gave the plan initial bond funding in a 2008 statewide initiative. There’s a growing chasm between

California cities facing growing pension costs in new year

Steven Greenhut January 4, 2017

SACRAMENTO – After two years of miniscule investment returns, the nation’s largest state pension fund – the California Public Employees’ Retirement System – has once again lowered its expected rates of return. Even some CalPERS officials and consultants argue the

CalPERS considers – then rejects – efforts to end tobacco divestment

Steven Greenhut December 20, 2016

SACRAMENTO – As the nation’s largest state-based pension fund, the California Public Employees’ Retirement System is known for using its massive investment muscle to promote various social-investment causes. So-called ESGs – Environmental, Social and Governance issues – are a major

Court OKs constitutional challenge to new state law affecting farm industry

Steven Greenhut December 13, 2016

SACRAMENTO – A federal appeals court last week has taken the highly unusual step of finding a U.S. constitutional cause of action in a challenge to a California state law – the latest wrinkle in a long-running and bitter dispute

New legislative session puts bail-bonds industry under microscope

Steven Greenhut December 6, 2016

SACRAMENTO – At a press conference in the Capitol on Monday morning, California Lt. Gov. Gavin Newsom explained that although he has long championed various reforms to the state’s criminal-justice system, he had in the past rarely even thought about

Police-reform spotlight shines on the local level

Steven Greenhut November 29, 2016

SACRAMENTO – The presidential campaign focused some attention on the long-simmering debate over policing and the appropriate uses of force, but as is typical with national campaigns, the nuances got lost amid ideologically charged soundbites such as “law and order”

CalPERS staff nudges board to consider lower return rates

Steven Greenhut November 22, 2016

SACRAMENTO – There’s bad news coming down the pike for California municipalities following several days of board meetings for the nation’s largest state-based pension fund. Although no action has been taken, it’s clear the California Public Employees’ Retirement System, or

California voters defy trend – by voting as expected

Steven Greenhut November 9, 2016

SACRAMENTO – Whereas the national election results shocked and surprised pollsters and many media observers, California’s results from Election Day conformed almost exactly to pre-election polls and predictions. Some of the big races were foregone conclusions, such as Attorney General

Competing death-penalty measures revive old feud

Steven Greenhut October 25, 2016

SACRAMENTO – Thirty years ago, California voters did something unprecedented (and not seen since): They bounced Chief Justice Rose Bird from the supreme court. Two other state high-court justices also failed to win reconfirmation to the court, following an intense

State watchdog agency pushes for occupational licensing reform

Steven Greenhut October 18, 2016

SACRAMENTO – One of the rare issues where politicians on the left and right increasingly agree involves occupational-licensing requirements – the oftentimes cumbersome government-approval processes that many workers must go through to become certified to work legally in their profession.