Government Insolvency

A Surplus of Nonsense in the Governor’s Latest Budget

A Surplus of Nonsense in the Governor’s Latest Budget

There are two big days for a California governor, January 10 when the budget is presented and the May Revise when a few months of additional data and debate have passed. They’re both political documents, allowing governors to play with numbers. Few governors have been as sporting in that enterprise as Gavin Newsom. Last week,...

By John Moorlach

Sacramento City Unified Teacher Salary Analysis

Sacramento City Unified Teacher Salary Analysis

With the recent Sacramento City Unified strike, the California Policy Center conducted an analysis which compared Sacramento City Unified teacher salaries to nearby Elk Grove Unified. Looking at 2020 data from Transparent California, we found that Sacramento City Unified’s average regular pay for their teachers is between $81,344 and $84,407 which is about $2,000 and...

By Brandon Ristoff

Examining California’s Renewable Energy Plan

Examining California’s Renewable Energy Plan

This article originally appeared on the website California Globe. If you live in California, by now you’ve probably seen the ads, either on prime time television or online, exhorting you to “Power Down 4 to 9PM.” These ads are produced by “Energy Upgrade California,” paid for by “investor-owned energy utility customers under the auspices of...

By Edward Ring

California State and Local Liabilities Total $1.6 Trillion

California State and Local Liabilities Total $1.6 Trillion

California’s total state and local government debt now stands at almost $1.6 trillion, or about half the state’s GDP. That isn’t an alarming ratio when compared to the national debt, which has now soared to 128 percent of U.S. GDP with no end in sight. But Californians carry this $1.6 trillion state and local debt ($40,000 per capita)...

By Edward Ring

Ill-Timed Fossil Fuel Pension Disinvestment Bill Threatens Economy

Ill-Timed Fossil Fuel Pension Disinvestment Bill Threatens Economy

As international tensions threaten US and global energy supplies, the California State Senate is considering legislation that would compel public pension funds to divest from fossil fuel companies, potentially starving these firms of capital. The Senate bill is the latest in a series of initiatives designed to replace traditional portfolio management with a set of...

By Marc Joffe

Twelve Out of Fifteen Largest California Cities Don’t Have Money to Pay their Bills According to Accounting Study

Twelve Out of Fifteen Largest California Cities Don’t Have Money to Pay their Bills According to Accounting Study

Despite what some politicians in Sacramento might tell you, California is not known for its fiscal sustainability. Last year, the Golden State received an “F” for fiscal health from financial watchdog Truth in Accounting. The group calculated that California has a $264 billion deficit, which translates to $21,100 per taxpayer. The analysis turns the narrative...

By Brandon Ristoff

California is Rolling in Education Money

California is Rolling in Education Money

The governor of CA is about to go on a taxpayer-funded spending spree. Last week, California Gov. Gavin Newsom announced his education spending plan, which comes to $119 billion including local, state and federal sources. This would raise per-pupil spending to $20,855, and make California one of the highest spending states in the country. (That...

By Larry Sand

Why are we not talking about California’s pension problems?

Why are we not talking about California’s pension problems?

It is no secret that California has its own myriad of economic issues: high taxes, a bloated government, overly powerful unions, and many more. However, one issue that is a product of all of these, but does not get nearly enough attention, is skyrocketing public pensions. For as long as I can remember, unions and...

By Cecilia Iglesias

Defining an omni-shambles: California’s unemployment agency

Defining an omni-shambles: California’s unemployment agency

By: Thomas Buckley, Guest Contributor The organization’s crisis response has opened a window into how it truly feels about the public it serves On January 1, 2021, 1.4 million Californians woke up with something much worse than a hangover. They found a surprise email from the state’s Employment Development Department telling them that their unemployment...

By Thomas Buckley

Letter to the Governmental Accounting Standards Board (GASB)

Letter to the Governmental Accounting Standards Board (GASB)

In a little-known and influential institution, a group of experts at the Governmental Accounting Standards Board (GASB) regularly update best practices and standards for government financial practices and procedures. They are best recognized for their generally accepted accounting principles. As described in their website, “GASB develops and issues accounting standards through a transparent and inclusive...

By Jordan Bruneau

Government Unions and California Ballot Propositions

Government Unions and California Ballot Propositions

Californians voted on twelve state ballot propositions on November 3. On nine of these propositions, California’s government and private sector unions spent significant amounts of money, over a million in five cases, and over ten million in two cases. But of these nine, the unions only got their way on one of them, Prop. 19, which changed...

By Edward Ring

Citizen Initiatives Transform Oxnard Politics

Citizen Initiatives Transform Oxnard Politics

California’s ballot initiative process allows citizen activists to bypass politicians who are controlled by special interests. The ability for citizens today to connect and organize using online resources means it has never been easier for a determined group of individuals, without access to big donors, to nonetheless successfully qualify reform measures for the ballot and...

By Edward Ring

Sacramento Loses Its Finest Legislator

Sacramento Loses Its Finest Legislator

On November 13th, ten days after the election, and facing final counts that made any chance of victory impossible, California State Senator John Moorlach (R-37) conceded defeat to his challenger, Democrat David Min. Reached for comment, Moorlach said “we worked hard on fundraising, the ground game, the phone calls; we worked hard, and we had a...

By Edward Ring

How Much do California’s State Workers Make?

How Much do California’s State Workers Make?

Californians pay the highest overall taxes in the United States, with more to come. The Democratic supermajority in the state legislature is considering AB 1253 that would raise the top income tax rate to 16.8 percent, and AB 2088 that would impose an annual 0.4 percent tax on any California resident’s net worth in excess of $30 million. On...

By Edward Ring