Sunday, Los Angeles Mayor Eric Garcetti warned of employee furloughs to help meet an anticipated $600 million revenue shortfall. Before LA furloughs workers providing important
Lately we are often asked about the impact on pension costs from a stock market decline. Our answer might surprise you. On December 31, 1999,
In addition to its regular pension spending, the State of California is providing an extra $12 billion over a four-year period to boost the assets
One week from today, Californians will finish voting on a $15 billion General Obligation Bond to be issued by the state if approved by voters.
Further to our recent note about disinformation in California politics, another illustration was provided earlier this week by an article about a debate among participants
The Washington Post’s masthead reads “Democracy Dies in Darkness” but sometimes democracy dies in plain sight in Sacramento, where unverified assertions are often employed to
Last Friday, Governor Newsom released a budget proposal for the next fiscal year for the legislature’s consideration. Our comments on the principal spending items of
The California Constitution requires the governor to submit a proposed budget (the “Governor’s Budget”) for the next fiscal year to the state legislature by January
University of California at Berkeley economist Emmanuel Saez knows something about economics but apparently not about politics. In a recent debate with former US Treasury