High Speed Rail Gamble May Go Off the Tracks
If we build (some of) it, they will invest. That is the key to the business plan the California High Speed Rail Authority put forward yesterday, in a new effort to quiet the critics of a program that had spun out of control. The Authority now estimates the cost of the high speed rail to […]
L.A.’s Work in Creating Jobs Pays Dividends
For too long, L.A. businesses have been stolen from us by other cities and states. The result has been a calamitous decline in both jobs and tax revenues in our city, causing huge strains on our budget and endangering our ability to provide basic city services. For example, since 1986, an astonishing 100 auto dealers […]
Pension Reform: Major Challenges Lie Ahead
After a year of waiting, last week Governor Jerry Brown finally released his 12-point plan to address California’s massive unfunded pension liability. With an estimated unfunded liability between $100 billion and half a trillion dollars, Governor Brown’s modest proposal seems to be headed in the right direction. The proposal includes many of the reforms offered […]
Gov. Brown’s Pension Reform Deserves Vigorous Support
Last week, Gov. Jerry Brown released a forward-looking pension reform plan that will apply to current and future public employees, including state, local and school employees. His 12-point plan is aggressive and comprehensive, and deserves the support of the taxpayers and the state Legislature. It acknowledges the runaway and unsustainable costs of public employee pensions […]