Category Archives: David Crane

The Verdict On Prop 30 — Part I

More than 100% of schools’ share went to increased retirement spending By David Crane | In January 2012 California Governor Jerry Brown announced he would ask California voters “to approve a temporary tax increase on the wealthy, a modest and … Continue reading

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Government debt growth in California

By David Crane | Yesterday my Democratic Party tweeted that California was “paying down debt.” Not true. Net, California added more than $200 billion in debt over the last decade. The only debt paid down was budgetary debt of ~$30 billion, a fraction … Continue reading

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Thank you, Governor Brown

By David Crane | Earlier today, California Governor Jerry Brown released the May Revision to his proposed budget for the next fiscal year, which starts July 1. The document is a must-read. State budgets are never perfect. That’s because they employ cash-basis budgeting, … Continue reading

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‘Big Three’ items are eating state revenues

By David Crane | California’s General Fund tax revenues have grown nearly 50 percent since a tax increase in 2012. But funding for most services has grown at a fraction of that pace, e.g., funding for courts has grown only 12 percent. … Continue reading

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Jerry Brown’s timid education agenda

By David Crane | In his final State of the State address, this is all Jerry Brown had to say about K-12 education: “In education, after seeing 30,000 teachers laid off [as a result of the collapse in state revenues … Continue reading

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California’s OPEB crisis

By David Crane | Everyone has heard about pension costs but few have heard about the other retirement cost that’s burdening California governments and schools. “OPEB” — “Other Post-Employment Benefits” — are a form of deferred compensation, just like pensions. The principal OPEB benefit … Continue reading

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Cases now before the state Supreme Court could open the door to pension cuts for California public employees

From KPIX-TV 5 in San Francisco:

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