Budget and Finance
Back to homepageGov. Brown’s Budget ‘Holds Kids Hostage’
JAN. 6, 2011 By KATY GRIMES In Gov. Jerry Brown’s world, welfare recipients are cashing in, while school children continue to get short-changed. Brown released his 2012-13 budget plan Thursday, warning that spending on K-12 schools, state universities and courts
Read MoreSupreme Court Rebukes Crony Capitalism
The following first appeared in City Journal California. JAN. 6, 2012 By STEVEN GREENHUT On December 29, 2011, the California Supreme Court handed down what the state’s urban redevelopment agencies (RDAs) and their supporters called a “worst of all worlds” ruling—first upholding
Read MoreBrown Budget Backs Tax Increases
JAN. 5, 2012 By JOHN SEILER Gov. Jerry Brown today released a budget proposal that reaffirmed his fealty to the public-employee unions. It’s for fiscal year 2012-13, which begins on July 1, 2012. The budget would rise to $92.5 billion
Read MoreBeautiful Kim Faces Ugly Tax Increase
Commentary JAN. 4, 2012 By JOHN SEILER It sounds like a sequel to a Clint Eastwood movie: The Beautiful, the Bad and the Ugly.” The beautiful is Kim Kardashian. The bad are the tax increasers. And the ugly is the
Read MoreIn California, the Dream Is an Act
JULY 26, 2011 The California dream of an affordable, top-notch state-sponsored education for all is nothing to dream about for legal California students. Just signed into law by Gov. Jerry Brown was AB 130, the “California Dream Act of 2011,”
Read MoreU.S.-Calif. Stuck in Stagnation Spiral
JULY 26, 2011 BY JOHN SEILER Welcome to the desert of economic and jobs growth. I keep reminding people that California actually still is part of the United States of America. That we are not the “eighth largest world economy,”
Read MoreRutten's Amazon Attack Ignores Reality
JULY 25, 2011 By JOHN SEILER L.A. Times columnist Tim Rutten continues his tax obsession in “Amazon’s shameful California tax dodge.” He just has it in for Amazon.com. He makes a weird comparison: At the turn of the last century,
Read MoreDespite Gain, CalPERS Still Underfunded
JULY 22, 2100 By LANNY EBENSTEIN The recent announcement that the investment return of CalPERS for the 2010-11 fiscal year was 20.7 percent does not indicate that it, or other public sector pension funds, are now financially solvent. Indeed, the
Read MoreZombie Recovery: CA Jobless Rate Jumps
JULY 22, 2011 By JOHN SEILER California is suffering what I call a “Zombie Recovery.” The state economy is walking, but dead. Today the U.S. Bureau of Labor Statistics released new numbers for June 2011 showing that California’s unemployment rose
Read MoreFeds Wasted Most of $17 Bil. CA Stimulus
JULY 20, 2011 By JOHN SEILER How did the federal government actually spend the 2009 stimulus money in California? In March 2009 the California Legislative Analyst made a study of proposed spending on the officially named American Recovery and Reinvestment Act. But
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