Budget and Finance
Back to homepageFederal Reserve warns, Calif., other municipal bonds very risky
Aug. 20, 2012 By Chriss Street Last week, we first reported first that “Permanent Link to Calif. sales tax revenue nosedives 33.5%,” then that “Moody’s warns of mass Calif. municipal bankruptcies.” During the Great Recession of the last four years,
Read MoreMoody’s warns of mass Calif. municipal bankruptcies
Aug. 18, 2012 By Chriss Street The klaxon horn went off Friday evening for California municipal bondholders when Moody’s Investors Services issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government
Read MoreThe coming great California pension property tax earthquake
Aug. 16, 2012 By Wayne Lusvardi The most widespread and persistent folktale about California is that some day the entire state will break away from the North American continent and fall off into the vastness of the Pacific Ocean. That
Read MoreHiltzik ignores massive debt
Aug. 15, 2012 By John Seiler Los Angeles Times business writer Michael Hiltzik is an excellent reporter. But when he gets to policy, his leftist perspective comes to the fore. That can be seen in today’s article on Paul Ryan’s
Read MoreCalif. sales tax revenue nosedives 33.5%
Aug. 14, 2012 By Chriss Street We were severely criticized last week by the left and the right for publishing, “Calif. default risk turns Gov. Brown into a capitalist.” The report highlighted that Gov. Jerry Brown is steamrolling environmentalists and regulators
Read MoreRobbing business to pay for education
August 14, 2012 By Katy Grimes SACRAMENTO — Even in California, there are lawmakers who recognize that the “Middle Class Scholarship” bill is just one more attempt to tax businesses to help expand California’s growing education welfare system. AB 1500, by
Read MoreHow to create jobs: End inclusionary housing laws
Aug. 13, 2012 By Wayne Lusvardi For decades, about 170 cities across California have been mandating that developers overprice about four out of five new housing units by as much as $148,000 per unit to exclude truly affordable housing from
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Video: Interview with Steve Forbes on America’s fiscal cliff
Aug. 13, 2012 By Brian Calle This is the second part of my interview with Steve Forbes, the owner of Forbes magazine and a former presidential candidate. He comments on America heading over a fiscal cliff.
Read MoreThe right way, the wrong way, and the Poway of school bond financing
Aug. 8, 2012 By Wayne Lusvardi Imagine you can get in a time machine and fast-forward to the year 2032 in the Poway Unified School District, the third largest school district in San Diego County. In that year, $981 million in
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