State Budget
California
Prop. 30 hikes taxes without fixing K-12 systemic flaws
As Gov. Jerry Brown scurries around the state to save Proposition 30, his ballot measure to increase state sales and income taxes, voters are expressing skepticism that the tax revenues raised by the initiative will be spent wisely. They have reason to worry because Prop. 30 includes no reform of ...
Business & Economics
To cut state prison budget, start with perks for guards
California’s voters will soon consider two ballot initiatives that aim to reduce the state’s unsustainable spending on prisons. The cost of jail is punishing and not just for the prisoners. Incarcerating an inmate runs an average of $47,000 a year. That figure certainly is not chump change, but the ...
Business & Economics
More taxes won’t fix state debt
The Golden State continues to lead the nation in accumulating public debt, a race where being in first place isn’t the same thing as winning. “California again trumped other states with a $617 billion debt,” reported State Budget Solutions, a nonpartisan organization advocating “fundamental reforms” for state budgets. For the ...
Business & Economics
FOR STATE BUDGET, NOTHING TO ‘LIKE’ ABOUT FACEBOOK IPO
Facebooks stock price is currently hovering just above its all-time low. Shares have lost nearly half their value since they hit the market in May. The social networks executives, employees and investors arent the only ones disappointed by the stocks underperformance. The state of California was hoping for roughly $2 ...
Commentary
The CBO Just Rendered Its Verdict On The Cost Of Obamacare, And It Isn’t Pretty
The Congressional Budget Office (CBO) just rendered its latest opinion on the cost of Obamacare following the Supreme Courts decision to uphold most of the law back in June. The numbers arent pretty. Despite breathless media reports of additional savings, the governments bean counters actually exposed several flaws in the ...
Business & Economics
Brown should go back to idea of a flat tax to help economy
Gov. Jerry Brown just signed bills finalizing California’s budget and closing the Golden State’s $16 billion budget deficit. But the governor’s budget is contingent on voters approving a proposed $8.5 billion tax hike at the ballot box this November. If they don’t, some $6 billion in spending cuts will go ...
Health Care
Block Grants to States Give Medicaid New Hope
The House of Representatives is now considering a piece of legislation that would fundamentally improve Medicaid the health insurance program for low-income Americans jointly funded by the federal government and the states and help this country avoid fiscal apocalypse. Medicaid is on the front-burner in Washington, as the ...
California
A Victory for Property Rights in California
I’m still giddy after the California Supreme Court ruled on Dec. 29 that the state had every right to shut down those noxious enemies of property rights and fiscal responsibility known as redevelopment agencies. Better yet, the state’s high court ruled that another law that allowed those agencies to come ...
California
California Senate banishes pension truth-teller
California Democrats are so controlled by the public sector unions that they won’t even tolerate truth-telling by fellow Democrats, as evidenced by the end of David Crane’s tenure as a University of California regent. Crane is a true progressive who argues that one cannot be a progressive without backing pension ...
Health Care
Just Say ‘No’ To New Health Insurance Taxes
This month, consulting firm Oliver Wyman released a new study revealing that surprise, surprise health insurance premiums will increase by several thousand dollars over the next ten years. Thats bad enough news for consumers. Even worse? The study only looked at the cost impact of Obamacares new tax ...
Prop. 30 hikes taxes without fixing K-12 systemic flaws
As Gov. Jerry Brown scurries around the state to save Proposition 30, his ballot measure to increase state sales and income taxes, voters are expressing skepticism that the tax revenues raised by the initiative will be spent wisely. They have reason to worry because Prop. 30 includes no reform of ...
To cut state prison budget, start with perks for guards
California’s voters will soon consider two ballot initiatives that aim to reduce the state’s unsustainable spending on prisons. The cost of jail is punishing and not just for the prisoners. Incarcerating an inmate runs an average of $47,000 a year. That figure certainly is not chump change, but the ...
More taxes won’t fix state debt
The Golden State continues to lead the nation in accumulating public debt, a race where being in first place isn’t the same thing as winning. “California again trumped other states with a $617 billion debt,” reported State Budget Solutions, a nonpartisan organization advocating “fundamental reforms” for state budgets. For the ...
FOR STATE BUDGET, NOTHING TO ‘LIKE’ ABOUT FACEBOOK IPO
Facebooks stock price is currently hovering just above its all-time low. Shares have lost nearly half their value since they hit the market in May. The social networks executives, employees and investors arent the only ones disappointed by the stocks underperformance. The state of California was hoping for roughly $2 ...
The CBO Just Rendered Its Verdict On The Cost Of Obamacare, And It Isn’t Pretty
The Congressional Budget Office (CBO) just rendered its latest opinion on the cost of Obamacare following the Supreme Courts decision to uphold most of the law back in June. The numbers arent pretty. Despite breathless media reports of additional savings, the governments bean counters actually exposed several flaws in the ...
Brown should go back to idea of a flat tax to help economy
Gov. Jerry Brown just signed bills finalizing California’s budget and closing the Golden State’s $16 billion budget deficit. But the governor’s budget is contingent on voters approving a proposed $8.5 billion tax hike at the ballot box this November. If they don’t, some $6 billion in spending cuts will go ...
Block Grants to States Give Medicaid New Hope
The House of Representatives is now considering a piece of legislation that would fundamentally improve Medicaid the health insurance program for low-income Americans jointly funded by the federal government and the states and help this country avoid fiscal apocalypse. Medicaid is on the front-burner in Washington, as the ...
A Victory for Property Rights in California
I’m still giddy after the California Supreme Court ruled on Dec. 29 that the state had every right to shut down those noxious enemies of property rights and fiscal responsibility known as redevelopment agencies. Better yet, the state’s high court ruled that another law that allowed those agencies to come ...
California Senate banishes pension truth-teller
California Democrats are so controlled by the public sector unions that they won’t even tolerate truth-telling by fellow Democrats, as evidenced by the end of David Crane’s tenure as a University of California regent. Crane is a true progressive who argues that one cannot be a progressive without backing pension ...
Just Say ‘No’ To New Health Insurance Taxes
This month, consulting firm Oliver Wyman released a new study revealing that surprise, surprise health insurance premiums will increase by several thousand dollars over the next ten years. Thats bad enough news for consumers. Even worse? The study only looked at the cost impact of Obamacares new tax ...
