State Budget
Business & Economics
States Should Think Long-Term When Addressing Their Short-Term Fiscal Crises
Just prior to the pandemic, many states were finally recovering from the fiscal crises created by the 2007-09 recession. But, as with so many things, the pandemic has derailed these gains. If history is a guide, no matter how long the current recession lasts, the fiscal crises facing the states ...
Blackouts
Newsom and Davis Have a Lot More in Common Than You Might Imagine
The images of mass power outages across the state during our recent run of extreme temperatures evoked images in many Californians of the last time the state faced mass power blackouts. The year was 2001, when then-Governor Gray Davis bungled the state’s controversial electricity restructuring plan and allowed the state’s ...
Blog
CAPITAL IDEAS – Defending Equity: Newsom Defunds Students So Students Sue
DOWNLOAD THE PDF As if they didn’t have enough to shocks in their lives already, Californians recently woke up to find that Governor Newsom and the Legislature had defunded schoolchildren in the state budget. But the children are now fighting back and suing the state to demand their fair share ...
Blog
Next Tax Increases on the Docket: Two Proposed Tax Hikes on the Rich
When the 2020-21 state budget was enacted a few months back, I made the case that the majority party’s spending plan essentially sets the stage for an upcoming battle over tax increases. Back in 2011, former Gov. Jerry Brown pushed a budget plan that was heavily reliant on “trigger cuts,” ...
Commentary
Mourning The Many Foibles Of Medicare And Medicaid At 55
Today, Medicare and Medicaid both mark their 55th birthdays. But hold the cake. There’s not much to celebrate on this anniversary. You’d be hard pressed to find two more wasteful, fraud-ridden programs than Medicare and Medicaid. They grow less fiscally sustainable with each passing year. And they routinely deliver subpar care that, ...
Blog
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
Blog
CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
The COVID-19 recession has fueled volatility in the financial markets. Investment portfolios saw sharp drops in March and April but have rebounded recently as the economy opened up in some areas. This volatility has negatively impacted public pension funds. The Sacramento Bee reported last week that, “California’s pension fund for ...
California
California Doubles Down on Unworkable Data Privacy Law During Second COVID Shutdown
Businesses were ordered to close. Schools were shuttered. People were told to stay home. Many believed that in a week or two life for the most part would return to normal and that COVID would be a bad memory. Now, four months later, California has not just halted reopening but ...
Commentary
Medicaid Expansion Will Add To Oklahoma’s Woes
Late last month, Oklahoma voters narrowly approved a ballot measure expanding the state’s Medicaid program to childless adults making up to 138% of the poverty level under the terms of Obamacare. Missouri could follow suit next month when a similar ballot initiative comes up for a vote. Medicaid expansion seems ...
Blog
Notes from Taxifornia
Last week, as millions of Californians filed their tax returns on the delayed July 15 tax deadline, there was good and bad news on the tax increase front in Taxifornia. Split Roll Tax Increase Campaign Based on Class Warfare I wrote last month that how the 2020-21 state budget deal, ...
States Should Think Long-Term When Addressing Their Short-Term Fiscal Crises
Just prior to the pandemic, many states were finally recovering from the fiscal crises created by the 2007-09 recession. But, as with so many things, the pandemic has derailed these gains. If history is a guide, no matter how long the current recession lasts, the fiscal crises facing the states ...
Newsom and Davis Have a Lot More in Common Than You Might Imagine
The images of mass power outages across the state during our recent run of extreme temperatures evoked images in many Californians of the last time the state faced mass power blackouts. The year was 2001, when then-Governor Gray Davis bungled the state’s controversial electricity restructuring plan and allowed the state’s ...
CAPITAL IDEAS – Defending Equity: Newsom Defunds Students So Students Sue
DOWNLOAD THE PDF As if they didn’t have enough to shocks in their lives already, Californians recently woke up to find that Governor Newsom and the Legislature had defunded schoolchildren in the state budget. But the children are now fighting back and suing the state to demand their fair share ...
Next Tax Increases on the Docket: Two Proposed Tax Hikes on the Rich
When the 2020-21 state budget was enacted a few months back, I made the case that the majority party’s spending plan essentially sets the stage for an upcoming battle over tax increases. Back in 2011, former Gov. Jerry Brown pushed a budget plan that was heavily reliant on “trigger cuts,” ...
Mourning The Many Foibles Of Medicare And Medicaid At 55
Today, Medicare and Medicaid both mark their 55th birthdays. But hold the cake. There’s not much to celebrate on this anniversary. You’d be hard pressed to find two more wasteful, fraud-ridden programs than Medicare and Medicaid. They grow less fiscally sustainable with each passing year. And they routinely deliver subpar care that, ...
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
The COVID-19 recession has fueled volatility in the financial markets. Investment portfolios saw sharp drops in March and April but have rebounded recently as the economy opened up in some areas. This volatility has negatively impacted public pension funds. The Sacramento Bee reported last week that, “California’s pension fund for ...
California Doubles Down on Unworkable Data Privacy Law During Second COVID Shutdown
Businesses were ordered to close. Schools were shuttered. People were told to stay home. Many believed that in a week or two life for the most part would return to normal and that COVID would be a bad memory. Now, four months later, California has not just halted reopening but ...
Medicaid Expansion Will Add To Oklahoma’s Woes
Late last month, Oklahoma voters narrowly approved a ballot measure expanding the state’s Medicaid program to childless adults making up to 138% of the poverty level under the terms of Obamacare. Missouri could follow suit next month when a similar ballot initiative comes up for a vote. Medicaid expansion seems ...
Notes from Taxifornia
Last week, as millions of Californians filed their tax returns on the delayed July 15 tax deadline, there was good and bad news on the tax increase front in Taxifornia. Split Roll Tax Increase Campaign Based on Class Warfare I wrote last month that how the 2020-21 state budget deal, ...
