Marin County is facing problems that affect most of California’s taxpayers: new taxes to cover existing expenses. One critic, Paul Premo, writes in the Marin Independent Journal that these tax increases are starting to barely pass, if at all, and that it seems that Californians have had enough with paying higher taxes. Click here to […]
The County of San Luis Obispo is facing a $1 billion problem in the form of unfunded pension liabilities. Andrea Seastrand, the Central Coast Taxpayers Association president, lamented in the New Times SLO that taxpayers were going to be shouldering this burden for the foreseeable future. Click here to read the article.
California is suffering from a trio of problems, education, infrastructure, and budgetary, and these problems will consume California if not confronted soon. Katy Grimes reports in the Canada Free Press that California is spending more than $2 billion a year in salary on nearly 14,000 public employees and their exorbitant pensions. Click here to read […]
California’s bullet train set many requirements and regulations for project oversight and funds, but the High Speed Rail Authority has found ways to circumvent these protections. The OC Register reports that the Rail Authority recently admitted that the first segment of the tracks were 27% over budget and that federal officials estimate the whole project […]
Multiple recent tax increases have included new taxes on cigarettes and gas, increasing annual revenue by $50 billion over the last two years, writes Dan Walters in CalMatters. Although taxes are already high, unions and liberal interest groups have announced new plans for even more taxes with Proposition 13 likely to be their top target. […]
Local governments in California will have to spend double on pensions for public workers by 2030 and prevent them from adequately funding other public services, reports the Sacramento Bee. Former Assemblyman Joe Nation has been analyzing pension costs and found that project revenues are not growing enough to pay pensions. Click here to read the […]
Repeated examples of waste and corruption have gone unaddressed and many current gubernatorial candidates have failed to offer specific plans for changing the status quo, reports the Orange County Register. How they will curtail corruption should be asked of each candidate when they gather to debate. Click here to read the article.
Delays and changes to the high speed rail plan have tripled costs, reports San Jose Inside. Litigation and mismanagement have contributed to the challenges involved in the high speed rail plan. Click here to read the article.
Top California Democrats are currently exhibiting a complete lack of regard for fiscal realities, according to an editorial by the San Diego Union Tribune. Leaders of the supermajority party advocate a single-payer health care plan that would double the state’s budget while ignoring perilous problems such as exploding pension liabilities and debt. Click here to read […]
California policymakers have put the state $255 billion in debt, equating to $21,600 for every taxpayer, according to a financial analysis recently released by Truth in Accounting. While staggering, this is actually a conservative estimate and may in fact exceed $100,000. The state’s growing debt has already led to several municipal bankruptcies with additional communities […]