State Budget
Blog
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Blog
How local governments can prepare for a possible recession
A recession is beginning now, according to the June 22 Chapman Economic Forecast Update, the most accurate in the country for GDP prediction. Said President Emeritus Jim Doti at the event, “We’re pointing to a negative change in the third quarter and the fourth quarter and that’s the stuff of ...
Blog
Biden’s Cash Is Merely A Drop in the Bucket of What an All-Renewable Future Needs
President Biden headlined a Palo Alto event this week touting what Gov. Newsom’s office called “new investments in climate action and clean energy.” In between a series of high-priced Bay Area fundraisers for his re-election campaign, Biden, with Newsom by his side, announced “$67 million (in federal funds) to help ...
Blog
City services will get slammed as public pay goes up
Consider these recent increases: University of California Health. In February, unionized medical residents at UC’s six urban medical centers (in Sacramento, San Francisco, Los Angeles, San Diego, Riverside and Orange) were prescribed 16-percent raises over two years. Los Angeles. In April, teachers in the Los Angeles Unified School district went ...
California
Newsom wisely channels Jerry Brown on state budget
Gov. Gavin Newsom’s just released “May Revise” budget plan is generating criticism from a surprising source — legislative progressives. The Newsom administration projects that the shortfall has grown by $9.3 billion to $31.5 billion. Adding to the problem, California can’t count on a federal bailout and the national economy is ...
Blog
CAPITAL IDEAS: California Diesel Ban: Another Uneconomical Mandate
The California ban-it-all machine, ever in perpetual motion, is abolishing diesel big rigs. On the last Friday in April, the state Air Resources Board voted unanimously to outlaw sales of new diesel trucks by 2036. CARB’s decision also requires large trucking companies to fully transition their fleets to all zero ...
Blog
Read about latest Sacramento overspending
State Budget Update: Lawmakers Propose ‘Old Fashioned Tax and Spend Budget’
With the turning of the page on the calendar to May comes the anticipated arrival of Gov. Gavin Newsom’s “May Revise” budget plan, which should be released around May 10. The May Revise is the governor’s updated budget plan taking into account the state’s latest economic forecasts and cash receipts. ...
Blog
Can Taxpayers Afford New Union Giveaways?
The LAUSD Strike and the State Budget Deficit: Train Wreck Ahead
While coverage of the recent strike by Los Angeles teachers and school staff members has focused on the immediate wage demands of the unions and the impact on students and their families, the bigger and looming issue is how California’s growing state budget deficit could impact any collective bargaining agreement. ...
Blog
Reparation Dollars and Non-Sense
How Much Could You Have to Pay in Reparations?
In 2020, Gov. Newsom signed into law the establishment of the first in the nation task force to propose recommendations to address the history of slavery in the U.S., despite the fact that California joined the union as a “free state.” We’ll save the discussion on the misguided policy of ...
Blog
State Budget Update: Scandal, Calls to Resist Cuts Mask State’s Growing Budget Shortfall
California’s budget problem is growing at an alarming rate. A new report recently released by the nonpartisan Legislative Analyst’s office forecasts, based on updated revenue projections that the stat will face “a large budget problem by about $7 billion” over what Gov. Newsom projects for the 2022-23 and 2023-24 fiscal ...
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
How local governments can prepare for a possible recession
A recession is beginning now, according to the June 22 Chapman Economic Forecast Update, the most accurate in the country for GDP prediction. Said President Emeritus Jim Doti at the event, “We’re pointing to a negative change in the third quarter and the fourth quarter and that’s the stuff of ...
Biden’s Cash Is Merely A Drop in the Bucket of What an All-Renewable Future Needs
President Biden headlined a Palo Alto event this week touting what Gov. Newsom’s office called “new investments in climate action and clean energy.” In between a series of high-priced Bay Area fundraisers for his re-election campaign, Biden, with Newsom by his side, announced “$67 million (in federal funds) to help ...
City services will get slammed as public pay goes up
Consider these recent increases: University of California Health. In February, unionized medical residents at UC’s six urban medical centers (in Sacramento, San Francisco, Los Angeles, San Diego, Riverside and Orange) were prescribed 16-percent raises over two years. Los Angeles. In April, teachers in the Los Angeles Unified School district went ...
Newsom wisely channels Jerry Brown on state budget
Gov. Gavin Newsom’s just released “May Revise” budget plan is generating criticism from a surprising source — legislative progressives. The Newsom administration projects that the shortfall has grown by $9.3 billion to $31.5 billion. Adding to the problem, California can’t count on a federal bailout and the national economy is ...
CAPITAL IDEAS: California Diesel Ban: Another Uneconomical Mandate
The California ban-it-all machine, ever in perpetual motion, is abolishing diesel big rigs. On the last Friday in April, the state Air Resources Board voted unanimously to outlaw sales of new diesel trucks by 2036. CARB’s decision also requires large trucking companies to fully transition their fleets to all zero ...
Read about latest Sacramento overspending
State Budget Update: Lawmakers Propose ‘Old Fashioned Tax and Spend Budget’
With the turning of the page on the calendar to May comes the anticipated arrival of Gov. Gavin Newsom’s “May Revise” budget plan, which should be released around May 10. The May Revise is the governor’s updated budget plan taking into account the state’s latest economic forecasts and cash receipts. ...
Can Taxpayers Afford New Union Giveaways?
The LAUSD Strike and the State Budget Deficit: Train Wreck Ahead
While coverage of the recent strike by Los Angeles teachers and school staff members has focused on the immediate wage demands of the unions and the impact on students and their families, the bigger and looming issue is how California’s growing state budget deficit could impact any collective bargaining agreement. ...
Reparation Dollars and Non-Sense
How Much Could You Have to Pay in Reparations?
In 2020, Gov. Newsom signed into law the establishment of the first in the nation task force to propose recommendations to address the history of slavery in the U.S., despite the fact that California joined the union as a “free state.” We’ll save the discussion on the misguided policy of ...
State Budget Update: Scandal, Calls to Resist Cuts Mask State’s Growing Budget Shortfall
California’s budget problem is growing at an alarming rate. A new report recently released by the nonpartisan Legislative Analyst’s office forecasts, based on updated revenue projections that the stat will face “a large budget problem by about $7 billion” over what Gov. Newsom projects for the 2022-23 and 2023-24 fiscal ...
