Is Prop 8 Ruling a Wellspring for New Initiatives?
The United States Supreme Court’s decision on Proposition 8 just might bring about new initiatives not only on the pro and con side of the gay marriage argument but also from third parties concerned about the initiative process. Before the decision even came down to uphold the lower court’s decision for lack of standing by […]
U.S. Supremes to California: Keep Your Craziness Out of Our Courts
Within minutes of the U.S. Supreme Court decision on Prop 8, supporters of the initiative process expressed worry that the process had been weakened by the court’s decision that Prop 8’s sponsors lacked standing to bring a case. I’ve just finished reading the ruling and dissents, and it’s clear that worry is overblown. The court’s […]
Will LA 2020 Commission Hang Our City’s Dirty Laundry?
The City of Los Angeles intends to offer $1.325 billion of Tax and Revenue Anticipation Notes. The proceeds from these notes will be used to prepay the City’s $945 million contribution (almost a $100 million increase) to the City’s two seriously underfunded pension plans and to finance its day to day operations for the next […]
Billionaire Texas Democrat Seeks to Reform CA Pensions
California’s pension problems are so massive that any help should be welcomed, even from outside the state. Enter Texas billionaire Democrat John Arnold, who announced an effort to reform unsustainable public pensions across the United States, starting in California. According to Reuters, that sparked a response from Lowell Goodman, communications director for the southern California chapter of the […]