State Budget
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Read about California's $68 billion budget crisis
State Budget Update: The Calm Before the Budget Storm
Christmastime is always the busiest time of the year at the Department of Finance. With the state budget due to be released on January 10, department leadership is making the final decisions about spending priorities with the governor. However, recent bad news about the state of California’s finances means that ...
Blog
Get latest state budget update
State Budget Update: Bigger State Budget Deficit on the Horizon?
That’s the fear, as the Sacramento Bee this week reported, in recent filings by state officials in anticipation of a November bond offering. Given that the IRS extended the deadline to file income taxes twice this year due to natural disasters (first to October 16, then again to Nov. 16), ...
Blog
Who are winners and losers of 2023 legislative session?
Progressives Dominate Legislative Session, But Will Newsom Spoil the Party?
Late Thursday evening, the Legislature wrapped up its business for the 2023 legislative session. As bleary-eyed lawmakers travel home today for the fall recess, what is the biggest story of this year’s legislative session? This year’s legislative session will go down as perhaps the most successful legislative session ever for ...
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. ...
Read about California's $68 billion budget crisis
State Budget Update: The Calm Before the Budget Storm
Christmastime is always the busiest time of the year at the Department of Finance. With the state budget due to be released on January 10, department leadership is making the final decisions about spending priorities with the governor. However, recent bad news about the state of California’s finances means that ...
Get latest state budget update
State Budget Update: Bigger State Budget Deficit on the Horizon?
That’s the fear, as the Sacramento Bee this week reported, in recent filings by state officials in anticipation of a November bond offering. Given that the IRS extended the deadline to file income taxes twice this year due to natural disasters (first to October 16, then again to Nov. 16), ...
Who are winners and losers of 2023 legislative session?
Progressives Dominate Legislative Session, But Will Newsom Spoil the Party?
Late Thursday evening, the Legislature wrapped up its business for the 2023 legislative session. As bleary-eyed lawmakers travel home today for the fall recess, what is the biggest story of this year’s legislative session? This year’s legislative session will go down as perhaps the most successful legislative session ever for ...
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. ...
