Facebook IPO to Enrich State Treasury. LIKE
California’s budget is described as being on a rollercoaster the last decade-plus streaming to great heights when the economy is good and bottoming out with a rush when the economy dips. There was no better expression of the California budget rollercoaster ride than this week when we went from the low of the state controller […]
Democrats Fail to Govern California
Governor Jerry Brown and the Democrats in the state legislature are failing to responsibly govern California. State Controller John Chiang said earlier this week that California would need “additional cash management solutions” because state tax revenues are $2.6 billion less than what Governor Jerry Brown and the Democrats assumed in their slapdash budget last year. […]
AB 32 was not Intended to be a Revenue Raiser
This weekend, Gov. Jerry Brown proclaimed that revenue from the cap-and-trade system under AB 32 will go toward the construction of California’s High Speed Rail project. AB 32 was not intended to be a revenue raiser for the state of California. We dug up then-Assembly Speaker (and bill author) Fabian Nunez’ 2006 letter of legislative […]
Fixing California: CACS Launches Civic Engagement Platform
California is on an unsustainable financial path, but we can counteract the influence of special interest groups in Sacramento if enough Californians come together and act to fix our state. Many people care about the issues, but without a collective voice, politicians will not listen. This week California Common Sense launched a revolutionary civic engagement […]
Visionaries on Demand
Crossposted on City Journal In the divisive world of California politics, only one belief produces unanimous agreement: state government is irredeemably flawed. Beyond that agreement, however, the conversation returns to the usual polarized positions. Depending on whom you ask, California’s ongoing fiscal woes either owe to runaway public spending or to an insufficient tax burden on […]