Tag "LAO"
Back to homepageReport on massive cost overrun may be turning point for troubled bullet train
Despite Gov. Jerry Brown’s full-throated defense of the troubled bullet train project in his State of the State speech Thursday in Sacramento, a consultant’s report warning of a huge cost overrun on the project’s first segment in the Central Valley
Read MoreRealtors’ initiative could boost home sales, limit property taxes
SACRAMENTO – Property-tax-limiting Proposition 13 has long been viewed as the “third rail” of California politics given its continued popularity among the home-owning electorate. Public-sector unions occasionally talk about sponsoring an initiative to eliminate its tax limits for commercial properties,
Read MoreCalifornia’s Legislative Analyst claims NIMBYism driving state’s housing crisis
When Gov. Jerry Brown’s aggressive proposal to jump-start housing construction by sharply streamlining the approvals process for urban housing projects that met certain conditions died quietly in September, the general consensus was that it was a victim of powerful factions
Read MoreLAO: State’s reserves could weather mild recession, face “considerable uncertainty”
Although it faces “considerable uncertainty,” the state’s budget could survive a mild recession for four years without a tax hike or sharp cuts, according to a new report from the Legislative Analyst’s Office. The LAO warned that the stock market fluctuations and other
Read MoreCompeting death-penalty measures revive old feud
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
Read MoreProp. 53 could have far-reaching consequences for state project financing – or not
SACRAMENTO – Most California voters are unfamiliar with the inner workings of the municipal-bond process. Many are likewise unfamiliar with the differences between, say, “general obligation” bonds and “revenue” bonds. Nevertheless, they will be asked Nov. 8 whether to require
Read MoreTobacco tax one of the most heated for November ballot
SACRAMENTO – There’s broad agreement that the 17 initiatives on the statewide ballot on November 8 cover some of the most significant public-policy issues to come before voters in more than a decade. For instance, voters will have a chance
Read MoreWhy Prop. 47 fiscal critique may hurt Brown’s Prop. 57 push
Proposition 47 — the 2014 state ballot measure recategorizing many felonies as misdemeanors — has already faced heavy criticism. Prosecutors and police chiefs across California say it is behind a wave of petty crimes as offenders who previously were locked
Read MoreBullet-train route change doesn’t win over many
Trying to build fresh momentum in Southern California, the California High-Speed Rail Authority last week unveiled major changes in the proposed bullet-train route meant to limit disruption to poor communities in the San Fernando Valley. But the reaction wasn’t as
Read MoreLAO: Teacher pension fund too risky and complex
Policy analysts are calling on state lawmakers to simplify the way the teachers’ pension fund gets funded — to improve oversight and to avoid the state being left in a lurch. According to the non-partisan Legislative Analyst’s Office, the “subjective” funding
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