Investigation-Budget and Finance
Wednesday, December 7th, 2011
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 DEC. 8, 2011
By JOHN SEILER
This week, Gov. Jerry Brown unveiled his new proposal to increase taxes $7 billion to support higher state spending. The Think Long group of the rich and famous is proposing $10 billion in higher taxes to back more spending. Other tax increases are on being cooked u...
Monday, December 5th, 2011
 DEC. 5, 2011
By WAYNE LUSVARDI
That pounding headache in California's head is from chugging too many municipal bonds.
The newest financial crisis afflicting the state could be the most serious, threatening the easy-money financing of such boondoggles as the California High-Speed Rail Author...
Wednesday, November 23rd, 2011
NOV. 22, 2011
By WAYNE LUSVARDI
On May 4, 2011, the Los Angeles Times reported that the California Stem Cell Institute (aka California Institute for Regenerative Medicine - CIRM) loaned $25 million to the Geron Corp. in Menlo Park to conduct a clinical trial of embryonic stem cells to cure s...
Thursday, October 27th, 2011
 OCT. 27, 2011
By JOHN SEILER
Due to the pension crisis, the California state budget is bleeding profusely from a gut wound. Yet in his pension-reform proposal announced today, Gov. Jerry Brown applied a Band-Aid.
The 12-point plan does include some worthy components, such as increasing reti...
Monday, September 12th, 2011
 SEPT. 12, 2011
By KATY GRIMES
The California Legislature's last-minute bill binge upended the state. The battle in the Legislature wasn’t just about improving California’s financial stability. It was about establishing Democratic dominance and control over nearly every aspect of California...
Monday, August 29th, 2011
 AUG. 29, 2011
By JOHN SEILER
California's "Jobs Gap" with the rest of America jumped to a record high, according to new calculations. In 2010, I devised the "Jobs Gap" to measure how much worse unemployment is in California that the rest of America.
The Jobs Gap is calculated by subtracting...
Tuesday, August 9th, 2011
 AUGUST 9, 2011
By JOHN SEILER
So much for record gains in California state and local pension funds. The stock market crash of the past week worsened the funds' crisis, putting taxpayers further on the hook for funds guaranteed by law.
Less than two months ago, CalPERS boasted that its fund...
Tuesday, June 28th, 2011
 JUNE 28, 2011
by WAYNE LUSVARDI
To California redevelopment advocates, the policy brings the Midas touch to cities, turning everything into gold for the Golden State. Redevelopment fans point to all the beautiful new malls, restored Old Town business districts, industrial parks and mixed-use ...
Monday, June 20th, 2011
 JUNE 20, 2011
By WAYNE LUSVARDI and CHARLES B. WARREN
Democrats in the California Legislature want to repeal the property tax reassessment protections of Proposition 13 for commercial properties under the dubious notion that there is a pot of California 49er gold at the end of the rainbow. Pro...
Monday, June 13th, 2011
 JUNE 13, 2011
By JOHN SEILER
The NBA season is over. But a full-court press is on by Gov. Jerry Brown and the tax-increase forces in the Legislature and government-employee unions to increase taxes $9 billion. In his video address Sunday, Brown talked about the state's budget problems, includi...
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