Tag "John Chiang"

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Chiang: State Broke on March 8 12

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

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Redevelopment Agencies Facing Default 3

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

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CA Running Massive Cash Deficit 9

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

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California Tax Receipts Crashing 0

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

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But — It's Still a Phony Budget 0

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

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John Chiang Blazes Future of CA Politics 3

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

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Legislators Ordered to Forfeit Pay 0

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

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Boo-Hoo: Perez Upset At Pay Loss 4

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.

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Controller Chiang Docks Leg Pay 0

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

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Stem Cell Boondoggle Seeks New Boss 6

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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