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    • Headlines

      Are States Addicted To Revenue From Unclaimed Property?

      Forbes | by Cara Griffith | October 21, 2013

      Unclaimed property has become a revenue source for states because if the state can't find the rightful owner of the property, it keeps the property. This has made states aggressive in their audit practices.

    • Headlines

      States that ran parks during the shutdown will have to lobby Congress to be repaid

      Washington Post | by Niraj Chokshi | October 21, 2013

      A smattering of states from around the country will have to lobby Congress if they want to be repaid for running national parks during the federal government shutdown.

    • Headlines : California, New Jersey, New York

      How to Stop Courts' Blockades of Pension Reform

      Bloomberg | by Steve Malanga | October 18, 2013

      In more than two dozen states, including California and New York, courts have blocked government employers from making substantial changes to pension plans even with respect to work that an employee has yet to do.

    • Headlines : California

      San Jose mayor files public pension initiative

      The Sacramento Bee | by Jon Ortiz | October 16, 2013

      In a move that portends a labor firestorm, San Jose Mayor Chuck Reed and four other city leaders filed papers on Tuesday aiming to put a public pension measure on the November 2014 statewide ballot.

    • Headlines

      The Least Tax-Friendly States for Business

      24/7 Wall St. | by Charley Blaine | October 14, 2013

      Taxes are necessary for a functioning government, but according to one group, many states are crippling regional business growth with tax structures that are too expensive or complex.

    • Headlines

      New fiscal survey finds nation’s cities struggling, but surviving

      The Washington Post | by Michael A. Fletcher | October 11, 2013

      Pressure from soaring health-care and pension costs coupled with cuts in state and federal aid are undermining the improving but still shaky financial health of the nation's cities, according to a report released Thursday.

    • Headlines : California

      San Jose mayor days from filing state pension measure

      The San Jose Mercury News | by John Woolfolk | October 10, 2013

      San Jose Mayor Chuck Reed said Wednesday he hopes to file papers within days for a statewide constitutional measure that would empower governments to trim pension benefits for their workers' remaining years on the job.

    • Headlines

      State Pension Litigation Update, October 2013

      State Budget Solutions | by Joe Luppino-Esposito | October 9, 2013

      In attempts to reign in the costs of pensions, state lawmakers legislate pension reform. Challengers to those reforms often bring suit, alleging violations of state law, contracts, and the Constitution. This month, we summarize a new case form California regarding health benefits.

    • Headlines

      GOP Governors Chart Different Paths On Shutdown

      National Public Radio | by Adam Wollner | October 8, 2013

      Among Republicans, though, there appears to be some disagreement over exactly who's to blame for the latest budget impasse.

    • Headlines

      States used mortgage settlement money to balance budgets

      USA Today | by Pamela M. Prah | October 8, 2013

      Instead of helping homeowners, states used at least $1 billion of the $2.5 billion they received in a legal settlement with major mortgage lenders to plug budget holes, pay for pet projects or promote economic development.


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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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    • Promises Made, Promises Broken 2014: Unfunded Liabilities Hit $4.7 Trillion

      State Budget Solutions | by Joe Luppino-Esposito | November 12, 2014

      State Budget Solutions' latest research reveals that state public pension plans are underfunded by $4.7 trillion, up from $4.1 trillion in 2013. Overall, the combined plans' funded status has dipped three percentage points to 36%. Split among all Americans, the unfunded liability is over $15,000 per person. 

       

    • California, Kansas, Kentucky, Michigan, New Hampshire , North Carolina , Maryland, Minnesota, Maine , Nevada, Virginia, Washington

      Williams Report - October 6, 2014

      State Budget Solutions | by Bob Williams | October 6, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • California, Maryland, Pennsylvania, Virginia, Washington, Wisconsin

      Williams Report - September 29, 2014

      State Budget Solutions | by Bob Williams | September 29, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • California, Illinois, Michigan, Missouri, New Jersey, Utah, Vermont, Virginia, Washington

      Williams Report - September 15, 2014

      State Budget Solutions | by Bob Williams | September 15, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • California, Idaho, Illinois, Indiana, Louisiana, Michigan, Minnesota, North Carolina

      Williams Report - August 25, 2014

      State Budget Solutions | by Bob Williams | August 25, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • California, Connecticut, Iowa, Kansas, Louisiana, Maryland, New Jersey, New York, North Carolina , Vermont, Virginia, Washington, Wisconsin

      Williams Report - August 19, 2014

      State Budget Solutions | by Bob Williams | August 19, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • California, Indiana, Michigan, New Jersey, North Carolina , Pennsylvania, Washington, Louisiana, Montana, Virginia

      Williams Report - June 23, 2014

      State Budget Solutions | by Bob Williams | June 23, 2014

      The latest news from State Budget Solutions, including commentary from Bob Williams. Tweet #SBSBob to talk about state budget and pension headlines throughout the nation.

    • California, Idaho, Kentucky, Michigan, Mississippi, North Carolina , Pennsylvania, Texas, Virginia, Washington

      Williams Report - June 19, 2014

      by Bob Williams | June 19, 2014

      Welcome to the NEW Williams Report! Take a look at the top headlines from this week, provided by State Budget Solutions. And don't forget to tweet with Bob's signature-- #SBSBob!

    • Fitch: State pension plans' funding climbs in 2013 despite low contributions

      Pensions & Investments | by Rob Kozlowski | May 15, 2014

      While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.


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