Just a few months ago, Gov. Gavin Newsom was bragging about California’s “$100 billion budget surplus.” At the same time, the California Policy Center was pointing out that the governor’s “surplus” was fantasy – that state and local governments owed about $1.6 trillion. In those heady days, however, with obliging media cheering him on, Newsom...

If you want current financial information on California’s state government, you won’t find it. The most recent consolidated annual financial report for California’s state agencies is for the fiscal year ended 6/30/2018. That’s over two years, or nine quarters ago. To put this in perspective, America’s publicly traded multinational corporations, with operations spread all over the globe, are...

California’s new governor, Gavin Newsom, delivered an inaugural address earlier 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...

With the 2018 general election a few weeks away, it’s time to review just how many tax increases are on state and local ballots in California. And while media attention focuses on the statewide tax measures, even bigger money is represented by the sum of hundreds of proposed local tax increases. Every election cycle, the...