Cautious Paddling on the First Budget
In looking at Governor Gavin Newsom’s first budget and the reaction to it, it appears that former Gov. Jerry Brown’s famous canoe has not been retired. There was a little paddling on the left (more money for education, homelessness, and health issues) and paddling on the right (boosting the rainy day fund and one-time funds […]
California’s Budget Surplus Ignores Crushing Debt Burden
California’s new governor, Gavin Newsom, delivered an inaugural addressearlier this week that accurately reflected the mentality of his supporters. Triumphalist, defiant, and filled with grand plans. But are these plans grand, or grandiose? Will Governor Newsom try to deliver everything he promised during his campaign, and if so, can California’s state government really deliver to 40 […]
California’s Reliance on International Trade
In 2011, then Lt. Governor Gavin Newsom, in his Economic Growth and Competitiveness Agenda, recognized the important role of international trade to the state of California, stating: “…the state must become a better partner in preserving and enhancing California’s position as a preeminent hub in the global economy. At the simplest level, it must make […]
Legislature Shouldn’t Tax Innovation
When it comes to innovation and job creation, let’s keep the gold in the Golden State. The role of private equity in funding the growth of many bread-and-butter, consumer-based firms that call California home – companies such as Peet’s Coffee and El Pollo Loco – is in serious jeopardy due to the possible re-emergence of […]