Posts Tagged ‘John Chiang’Jerry Brown pulls a NixonThursday, May 10th, 2012 May 10, 2012 By Chriss Street "Only Nixon could go to China" is a political metaphor referring to the ability of a politician with an unassailable reputation among his supporters for staunchly representing and defending their values, to take actions that would draw vicious criticism and fierce... The Prop. 25 bait and switchFriday, April 27th, 2012 April 27, 2012 By Joseph Perkins For years, Sacramento’s tax-and-spend Democrats tried to figure out a way to persuade California voters to amend the state Constitution to require a simple -- rather than two-thirds -- majority of the Legislature to pass the state budget. In 2010, they fin... USC Poll: Voters want unneeded taxFriday, April 13th, 2012April 13, 2012 By Wayne Lusvardi An opinion poll might tell you if a majority of the public wants higher taxes. But it cannot tell you if higher taxes are needed. Nevertheless, the mainstream media only want to report what opinion polls say people want, while ignore if the tax is needed at... Special Series: Bond Holders Seek Governmental TransparencyTuesday, March 20th, 2012Editor’s Note: This is the fourth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 20, 2012 By DAVE ROBERTS Once upon a time buying a municipal bond was considered a safe bet. A decent rate of return with little risk -- just the thing for junior... Eureka! California Revenue Plunges 22%Tuesday, March 13th, 2012 MARCH 13, 2012 By CHRISS STREET State Controller John Chaing continues to uphold the California Great Seal Motto of “Eureka” -- I have found it. But what Chaing is finding as controller is that California’s economy as measured by tax revenues is still tanking. State tax collections ... Chiang: State Broke on March 8Tuesday, January 31st, 2012 JAN. 31, 2012 By CHRISS STREET State Controller John Chiang shocked California legislators today when he sent a letter announcing that the state will run out of cash on March 8. That is, unless Legislature allows state Treasurer Bill Lockyer to delay $2.4 billion in payments to universities, c... Redevelopment Agencies Facing DefaultMonday, January 23rd, 2012 JAN. 23, 2012 By CHRISS STREET Public officials are scrambling to deal with the California Supreme Court’s decision in California Redevelopment Agency vs. Matosantos. It upheld the elimination of the RDAs last year by Gov. Jerry Brown and the California Legislature. The Legislation cancel... CA Running Massive Cash DeficitThursday, January 12th, 2012JAN. 12, 2012 By CHRISS STREET The California state government’s general fund is running a staggering cash deficit of $21 billion on an $88.5 billion budget. The number comes from Controller John Chaing just-released financial statement for December 2011. The bad news came in the face of strong ... CA Anti-Biz Policies Crash IncomesSaturday, December 10th, 2011 DEC. 11, 2011 By CHRISS STREET A new study by the Public Policy Institute of California, a non-partisan think tank, confirmed that during the 2007-09 recession, every income bracket in California lost income faster than the equivalent brackets in the rest of the United States. Even more disturbin... Legislators’ Pay Should Be DockedFriday, November 11th, 2011 John Seiler: Proposition 25, passed by voters last year, is clear: Legislators don't get paid if they fail to pass a balanced state budget by June 15. Earlier this year, Controller John Chiang briefly did dock Legislators' pay because they passed an unbalanced budget which Gov. Jerry Brown then v... |