Answering Your Questions About Proposition 2, the Rainy Day Reserve, on the November Ballot
What is Proposition 2? Proposition 2 amends the State Constitution to strengthen the requirement for a budget reserve and to pay down budget-related debt. Proposition 2 would increase the size of the state’s “Rainy Day” reserve from $8 billion to $11 billion, and would require minimum annual contributions into that reserve of $800 million – […]
Prop 2: A Bag Full of Whips and Chains for the Budget
Let me be clear, I don’t want to judge anybody, especially not the supporters of Prop 2, who are legion among the state’s media and good government elites. I believe that what people do within the privacy of their own homes should be up to them, at least as long as it doesn’t involve plastic […]
Stockton Ruling Could Prompt More CA Cities to Declare Bankruptcy
A federal bankruptcy judge’s ruling in the Stockton bankruptcy case Wednesday may trigger more municipal bankruptcies in California and stoke benefit changes at the bargaining table, according to some of the nation’s leading pension watchdogs. The decision, by Judge Christopher M. Klein, didn’t order any pension cuts–but it did give city officials the opportunity to […]
Prop. 46 Will Increase Abusive Medical Lawsuits
Lawsuit abuse penetrates every level of society, perhaps nowhere more so than in the medical profession. The upcoming November election in California presents voters with a clear choice if they want to keep a tenuous lid on an explosion of costs associated with medical lawsuit abuse – vote NO on Proposition 46. Voting down this […]