Category Archives: David Crane

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:

Posted in Chuck Reed, David Crane, Joe Nation, Pensions, Richard Costigan | Comments Off