The California budget is 5.6% larger this year, no doubt surprising Californians who assumed budget cuts would mean a smaller budget
Reality has set in at the state parks, and many may be closing over the next few weeks. As part of the belt-tightening across all of state government, the parks system has been trimmed back by some $22 million.
How much longer will pretend-and-extend on the California budget budget continue? Every year it’s the same tiresome fiscal train wreck.
Pardon my cynicism, but California has been here before. Balancing the budget seems insoluble. Then, seemingly out of nowhere, money drops from the heavens. Entire new sources of revenue are.
California is poised to sell 11 state office buildings to a consortium of private investors for $2.3 billion who, in turn, will charge the state rent for at least 20 years to occupy the taxpayer-financed structures.
As the European debt crisis picks up steam and batters world markets, various reports are surfacing that the US taxpayer is on the hook for billion of dollars in bailout funds via the International Monetary Fund (IMF). The United States provides approximately 20% of IMF funding, which means the taxpayer could pay $8 billion to prop up Greek banks.
As racially diverse as the California population is becoming, the illegal immigration debate and the passionate emotions accompanying it are not disappearing anytime soon. This is true especially in light of the recent decision by the Congressional Hispanic Caucus to issue an ultimatum to
