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California

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    • Headlines

      Lessons Learned: States Focus on Rainy Day Funds, Smaller Workforces

      Stateline | by Elaine S. Povich | September 6, 2013

      The Great Recession gave states a crash course in providing services with fewer people-a lesson they are being forced to put into practice even as the crisis slowly recedes.

    • Headlines

      Budget Gimmicks Update, September 2013

      by Joe Luppino-Esposito | September 5, 2013

      State officials have a deep bag of tricks to "solve" budget gaps. In reality, these gimmicks result in state budget that appear at first glance to be balanced, but looking past the smoke and mirrors reveals that they are very unbalanced. This consistent habit of kicking the can down the road has put states in their current fiscal catastrophes. This month's updates come from Illinois and Texas.

    • Headlines

      Sagging state funding jacks up college tuition

      USA Today | by Hadley Malcolm and Sean McMinn | September 5, 2013

      The start of a new school year is punctuated by what's become a new financial norm for public universities: massive cuts in state funding that lead to rising tuition, cuts in enrollment, sporadic class schedules and staff layoffs.

    • Headlines

      Promises Made, Promises Broken - The Betrayal of Pensioners and Taxpayers

      by Cory Eucalitto | September 3, 2013

      Comprehensive research into the funded status of state level defined benefit public pension plans reveals that public employee retirement promises are underfunded by $4.1 trillion. See how your state fares here.

    • Headlines : California

      Lawmakers to CalPERS: Let's talk about that pension database

      The Sacramento Bee | by Jon Ortiz | September 3, 2013

      The controversy that kicked up in July over CalPERS' plan to launch a online pension database has reached the California Legislature.

    • Headlines

      The world of state pension obligations

      CBS Money Watch | by Larry Swedore | August 28, 2013

      All the news surrounding the fiscal problems of Detroit has brought more attention to the municipal bond market and raised questions about the safety of the general obligation bonds of the states and municipalities.

    • Headlines

      Pension Costs Burden Local Government Budgets

      The Bond Buyer | by Jennifer DePaul | August 27, 2013

      The unsustainable nature of defined benefit contribution plans is the primary budget challenge for local governments even though local revenue growth is improving, Wells Fargo Securities said.

    • Headlines

      Hundreds of private lobbyists earning public pensions in 20 states

      Fox News | August 26, 2013

      Hundreds of lobbyists in at least 20 states who get public pensions because they represent associations of counties, cities and school boards o the premise that they serve governments and the public.

    • Headlines

      Rising returns give US public pension funds chance to reform

      CNBC.com | August 23, 2013

      Many U.S. public pension funds are benefiting from double-digit annual returns in fiscal 2013 that are giving them breathing space to try to implement reforms and fix gaping deficits.

    • Headlines : Idaho, California, Oregon, Nevada

      Fire season stretches state budgets

      The Washington Post | by Reid Wilson | August 23, 2013

      An unusually active fire season fueled by parched forests across the western United States has those states shelling out tens of millions of dollars to protect tens of millions of acres of state and federal land, according to fire officials.


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    • Budget timeframe: Annual

      Fiscal Year begins: July 1

      Find the legislative session calendar here.

      The current state budget can be found here.

      Find the current legislative leaders here.

       

      Jerry BrownGov. Edmung G. "Jerry" Brown
      State Capitol
      Sacramento, CA 95814
      Phone: (916) 445-2841
      Fax: (916) 445-4633
      http://gov.ca.gov/

       

       

       

       

       

      Ana Matosantos

       

      Ana Matosantos, Director of Finance
      Department of Finance
      915 L Street
      Sacramento, CA 95814
      Phone (916) 445-3878
      Fax: (916) 324-7311
      www.dof.ca.gov

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      California is required to pass a "balanced budget." California Code Section 13337.5 of state law prohibits the annual budget act from authorizing expenditures in excess of revenues. In 2004 the Constitution was amended to include language to specifically prevent the presentation of a budget bill that would appropriate from the General Fund more than that Fund would receive in revenues. California law forbids the carrying over of a deficit from one year to the next. The State only budgets for expenditures, not revenues.

       

      The California Constitution limits appropriations to the appropriations limit from the previous year, adjusted for inflation and the change in population. This is commonly called "budgeting for fiscal discipline," and is a way to keep the growth of appropriations from outpacing the growth in revenues from year to year.
      Unfortunately, the most recently passed budget relies heavily on accounting maneuvers, including moving tax receipts from one year to a next and borrowing $5 billion against future lottery earnings. The lottery borrowing requires the approval of voters in a ballot measure in a special election the Spring of 2009. If the lottery plan is defeated, midyear cuts and other measures to rein in spending are likely. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

      PRI Logo

       


    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions: California

      Reform Before Revenue: How to Fix California's Retiree Health-Care Problem

      The Manhattan Institute | by Stephen D. Eide | October 31, 2012

      This paper examines the ongoing fiscal crisis caused by health-care plans for retirees (known as "other post-employment benefits," or OPEB) in one of the hardest-hit states, California, and outlines necessary reforms that should come before tax increases or cuts to government services.

    • Solutions

      State Lawmaker’s Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions: California

      Rising Pension Costs Threaten Cities’ Ability to Provide Services

      Hoover Institution of Stanford University | by Chuck Reed | October 16, 2012

      In June 2012, nearly 70% of San Jose voters approved "Measure B" - a set of pension reforms that the City Council placed on the ballot after more than 8 months of negotiations with our employee unions.

    • Solutions

      Medicaid Is Broken—Let the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Solutions

      The Case for Reform: Adult Probation

      Right on Crime | August 1, 2012
    • Solutions

      Solutions to the public pension crisis

      State Budget Solutions | by Bob Williams | August 1, 2012

      Public pensions at the state and municipal levels are unsustainable in their current form.  State Budget Solutions' recent study by Andrew Biggs found that public pensions are underfunded by $4.6 trilion. Here we offer solutions to the pension crisis

    • Solutions: California

      Road Map to Recovery

      Pacific Research Institute | October 31, 2011

      Document that outlines ten steps to return California to prosperity.


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