For years, cities have implemented various metrics and scoring systems to assess their fiscal condition. The Government Finance Officers Association provides a “Fiscal First Aid” program complete with a multi-step process for assessing fiscal health. Yet such efforts have not improved cities’ ability to manage their finances. A recent report by the National League of...
How is your city doing? My city just announced that it’s looking at putting two measures on the ballot to increase taxes and fees. And based on its low ranking, it either needs to reduce spending and debts or raise revenues or both. My city refused to reduce debts, so suggesting tax increases came as...
2026 began with revelations that numerous billionaires owning upwards of $1 trillion in assets had cut ties with California just before the ball dropped on January 1. These well-heeled folks did not suddenly get tired of California’s weather, scenery, culture, or social scene. Instead, they were avoiding a potential wealth tax hatched by a group...
It’s amazing what can happen in five years, especially when Gov. Gavin Newsom unilaterally imposed an overbearing pandemic lockdown on California’s school districts during this time period. And for an age group least likely to become ill with COVID-19. The coronavirus had a significant impact on local school district finances and they seemed to survive...
While California’s economy continues to produce some impressive headline numbers, its trajectory is becoming increasingly dependent on the tech sector. And now that tech has gone all in on artificial intelligence, the state’s finances are vulnerable to either a bursting of the “AI Bubble” or an exit of AI innovators to other states. Gov. Gavin...
Las Vegas is pioneering a new form of underground transportation that could one day benefit congested California cities at low cost. The Boring Company, founded by Elon Musk, is digging a series of narrow tunnels and transporting passengers through them in Tesla sedans. Ultimately, the Boring Company’s Vegas Loop can evolve into a viable alternative...
One would think that a few years after the COVID-19 lockdowns in California, things would settle down for school districts. But in Los Angeles County, for the fiscal year ending on June 30, 2024, 10 of the districts moved up or down the annual fiscal rankings by double digits. It’s a time-consuming chore to go...
Out of the 79 school districts in Los Angeles County, 11 made double-digit moves in the fiscal rankings for the fiscal year ending June 30, 2023, over 2022. Was your district one of them? It is important for you to know the fiscal standing of your school district and where it stands among its peers....
Preparing school budgets is a monumental task. Julie Hamill, former trustee on the Palos Verdes Peninsula Unified School District Board, recently recommended a great book on the subject. I’m sure most school trustees in California have heard of it. “Smarter Budgets, Smarter Schools” (2022) is by Nathan Levenson, and it was a great read. Levenson...
SEIU (the Service Employees International Union) is at it again. After failing three times to use California ballot initiatives to shake down dialysis providers, the union is now turning its ballot warfare to a new target: California’s 200 or so billionaires. SEIU is sponsoring the “2026 Billionaires Tax Act”. The measure, recently listed on the...
During this month’s government shutdown, Bernie Sanders has been repeating the standard Progressive shibboleth: “Healthcare is a Right!” While this slogan appears to be sufficient to silence opposition, it does not receive sufficient examination. But as this month’s strike at Kaiser Permanente shows, union rights, another major Progressive cause, can and does trump the alleged...
The California High-Speed Rail Authority has finally recognized the obvious: there is no path to connecting Los Angeles and San Francisco with trains running at 220mph. With state rail officials now accepting reality, the question is whether northern California transit planners will do so as well by cancelling their plan to extend California High-Speed Rail...
