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Political news & views for independent-minded voters

Political news & views for independent-minded voters

Tag Archives: Budget Crisis

Sen. John Moorlach cautions the State Legislature on the projected budget surplus

Posted on by Posted in Budget Crisis, California, John Moorlach, Republican Party Leave a comment

Sen. John Moorlach Cautions Legislature on Projected Surplus

FOR IMMEDIATE RELEASE

Sen. John M.W. Moorlach, R-Costa Mesa, comments on the Legislative Analyst’s (LAO) new report, “The 2019-20 Budget: California’s Fiscal Outlook”:

The LAO is optimistic about nearly $15 billion in additional resources to allocate after putting another $15 billion into the Rainy Day fund. The report concedes its November 2000 projection of a $10.3 billion estimated surplus for 2001-02 was crushed by the dot-com bust and ensuing recession. We know how that ended. Continue reading→

California Treasurer admits that our state is a ticking time bomb

Posted on by Posted in Bill Lockyer, Budget Crisis, California, Democratic Party, Labor, Pension Crisis 1 Comment

Democrats ruin California

Scott Lay, the Publisher of the Nooner, a California Political Newsletter, has highlighted comments made at a recent speech in Thousand Oaks by the California State Treasurer, Bill Lockyer, who is openly sounding the alarm about the mess his fellow Democrats have made of our state, as reported by the VC Star.

Lockyer said that “California is a ticking time bomb of issues that must be resolved in order to secure the economic and social future of the state.” Lockyer was addressing a group of Ventura County residents attending Supervisor Linda Parks’ quarterly dinner series Thursday in Thousand Oaks. Continue reading→

County has to return $140M to the State and sets a budget advisory meeting

Posted on by Posted in California, Orange County Leave a comment

Orange County Logo

“An Orange County Superior Court judge has ruled against the county in its dispute with the state over property tax revenue, forcing the county to give up about $140 million and consider cutbacks in service,” according to the Fountain Valley Patch.

As luck would have it, the Orange County Budget Director has scheduled a media briefing on Monday, May 13, 2013, at 11 a.m., at the Main Conference Room, Third Floor, at the Hall of Administration, located at 333 W. Santa Ana Blvd., in Santa Ana. Continue reading→

California’s budget crisis continues despite the Sacramento spin!

Posted on by Posted in 2012 Elections, Budget Crisis, California, Taxes Leave a comment

Happy Talk

By Jon Coupal, Howard Jarvis Taxpayers Association

According to several media accounts in the days since the election, California has turned a corner and will soon resume its rightful place as the best place in America — nay, the world — to live, raise a family and start a business. It’s Nirvana all over again.

Perhaps what started all this happy talk was a report on the state budget by the Legislative Analyst’s Office projecting budget surpluses starting with the 2014-15 budget. After years of budget deficits, the mere appearance of the word “surplus” caused mass swooning among pundits and politicians. Moreover, this also seemed to validate as a wise decision the electorate’s passage of Proposition 30, the $50 billion tax hike making California the most heavily taxed state in the nation. Continue reading→

California budget crisis may torpedo Gov. Brown’s tax increase initiative

Posted on by Posted in 2012 Elections, Budget Crisis, California, Chriss Street, Jerry Brown, John Chiang, Taxes 1 Comment

CALIFORNIA BUDGET CRISIS MAY TORPEDO TAX INCREASE INITIATIVE

By: Chriss Street

State Controller John Chiang shocked California legislators today when he sent a letter announcing that the State will run out of cash on March 8th without the legislature agreeing to allow the State Treasurer to delay $2.4 billion in payments to universities, counties and Medi-Cal, plus borrowing another $3.3 billion from Wall Street bankers.

The Controller’s announcement comes just two weeks after California Gov. Jerry Brown gave his State of the State speech to the combines Legislature, then immediately hit the road in a two-day campaign swing through Southern California to tout his November ballot initiative to raise taxes on all Californians. At a stop with 50 of Orange County’s top business leaders and CEOs, the Governor outlined how he was already making severe budget cuts, reorganizing state government, and implementing a 12-point pension reform plan. Brown said he offered these actions as credibility before asking business to support his November tax initiative. Continue reading→