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California faces revenue surplus, persistent debt

California’s state auditors recently released an unflattering look at the state’s finances, part of their annual report. Issued several years in arrears, the assessment showed nearly $2 billion in deficit spending for the 2011-2012 fiscal year, piling more borrowed

Education debt debate heats up

James Poulos January 4, 2016

With the start of a new year, a fresh array of political, economic and legal developments promise to sharpen California’s ongoing debate over the costs and consequences of its current education system. The California State Teachers’ Retirement System, one of

Voters will confront more bonds on 2016 ballot

Joel Fox October 15, 2015

State Treasurer John Chiang issued a report recently that praises California’s fiscal strides in dealing with debt but also raises warnings that the state is still in the deep end of the debt pool. The issue of debt will be on

State Treasurer refinances state bond debt, saves taxpayers $270 million

John September 22, 2015

The State of California has found a way to save $270 million — without budget cuts or raising taxes. State Treasurer John Chiang recently announced that his office had completed the sale of $1.93 billion in general obligation bonds, which

CA Dems pass budget, forcing talks with Brown

James Poulos June 16, 2015

Challenging their own governor for budget supremacy, California Democrats passed an ambitious state budget with just hours to spare before the deadline. Dueling Democrats “California lawmakers on Monday approved a budget with $2.2 billion more in spending than proposed by Democrat