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Business & Economics PUBLICATIONS |
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Life in the Underground
Submitted by K. Lloyd Billingsley on 1.23.2003
Those looking for ways to fix California's budget deficit of nearly $35 billion have made a startling discovery. The state's underground economy is thriving, to the tune of $60-140 billion per year according to one study. That is a lot of money and one can understand why state bagmen want to get their hands on it. But first they ought to ask why the underground economy grew to such proportions.
Reforming Categorical Spending
Submitted by Lance T. Izumi, J.D. on 1.16.2003
When Governor Gray Davis released his proposed 2003-04 state budget last week, there was lots to complain about, such as job-killing tax increases. That having been said, Davis correctly recommends that a slew of special-interest education spending programs be consolidated into a large block grant that will allow greater funding flexibility for local schools.
California by the Numbers - 2003
Submitted by Lawrence J. McQuillan, Ph.D, Andrew Gloger, Derek Fears on 1.1.2003
PRI’s California by the Numbers: Assessing the Governor’s 2003 State of the State Address and Budget is an effort to hold California’s executive branch accountable for its statements and its policies by looking at California’s ranking in 13 national indices. By presenting a non-partisan, rigorous, statistically-based “state of the state,” this evaluation provides policymakers with a roadmap for change based on the successes and failures of other states. With a budget deficit of $34.6 billion, more than the combined budgets of 26 states, it is essential that Californians have a clear view of what went wrong and how to get the state back on track.
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