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California’s Transportation Future, Part One – The Fatally Flawed Centerpiece

California’s Transportation Future, Part One – The Fatally Flawed Centerpiece

    by Edward Ring California’s transportation future is bright. In every area of transportation innovation, California-based companies are leading the way. Consortiums of major global companies have offices throughout the San Francisco Bay area, pioneering self-driving cars that consolidate technologies from not just automakers, but cell phone manufacturers, chip designers, PC makers, telecoms, and software […]

Gas-tax repeal gets closer to vote as train spotlights state’s misplaced priorities

Gas-tax repeal gets closer to vote as train spotlights state’s misplaced priorities

    By Steven Greenhut Sacramento: Almost everyone agrees that California’s infrastructure is shockingly decrepit, yet public anger over a 12-cent-a-gallon gas tax to address that problem has not subsided. Although an effort by GOP gubernatorial candidate Travis Allen to repeal the tax never got traction, a separate effort led by the Howard Jarvis Taxpayers Association, former San […]

The Underrecognized, Undervalued, Underpaid, Unfunded Pension Liabilities

The Underrecognized, Undervalued, Underpaid, Unfunded Pension Liabilities

. by Edward Ring To paraphrase America’s 42nd president, when it comes to public sector pensions – their financial health and the policies that govern them – it’s the unfunded liability, stupid. The misunderstood, obfuscated, unaccountable, underrecognized, undervalued, underpaid, unfunded pension liabilities. According to CalPERS own data, California’s cities that are part of the CalPERS system will […]

Innovative Incarceration: Lower Costs, Safer Citizens

Innovative Incarceration: Lower Costs, Safer Citizens

. by Edward Ring . The average annual cost to house a prisoner in California is $71,000, and according to the California’s Legislative Analyst’s Office, the cost has risen 45% since just 2011. And as costs have soared, California’s policymakers have resorted to creative ways to release inmates from California’s overcrowded prisons. But what if that Californian […]

Grad rates have become the education establishment’s Potemkin village

Grad rates have become the education establishment’s Potemkin village

By Larry Sand | Originally published in the California Policy Center A couple of months ago, the education establishment told us that “U.S. Graduation Rate Hits New All-Time High, With Gains in All Student Groups.” But in the real world this is nothing more than a façade – a Potemkin village. Some schools improve their graduation numbers by […]

How to Assess Impact of a Market Correction on Pension Payments

How to Assess Impact of a Market Correction on Pension Payments

. by Edward Ring . On January 28, 2018, the Dow Jones stock index closed at a record high of 28,610. Nine days later, on February 6, the Dow index hit an intraday low of 24,198, a drop of over 15 percent. Since then the Dow index has recovered somewhat, along with other stock indexes and […]

California Government Pension Contributions Required to Double by 2024 – Best Case

California Government Pension Contributions Required to Double by 2024 – Best Case

by Edward Ring The employer contribution to California’s state and local government pension systems will double, from $31 billion in 2018 to $59 billion by 2024. This estimate is based on aggregating official projections of cost increases issued by CalPERS to their participating agencies, and extrapolating those projections show the overall impact on all of California’s […]

Too many kids are failing in California, and so is the education establishment

Too many kids are failing in California, and so is the education establishment

By Larry Sand | Originally published in the California Policy Center High school graduation rates have traditionally been a barometer of student success, as well as a measure of the quality of school systems. The members of California’s education establishment have been high-fiving each other over the state’s on-time high school graduation rate reaching 83.2 percent […]

Permanent Water Rationing is Coming to California

Permanent Water Rationing is Coming to California

. by Edward Ring . Have you experienced water faucets that spray tiny jets of water onto your hands? You know, those eight tiny jets of water, each about 1.0 millimeter in diameter, that are emitted with so much pressure that the paltry quantity of water bounces off your skin before you can get it wet […]

Gov. Brown’s budget sets spending records, but warns of recession

Gov. Brown’s budget sets spending records, but warns of recession

by Steven Greenhut SACRAMENTO – Gov. Jerry Brown’s annual budgets have become familiar affairs. During his last two terms in office, Brown routinely offered a budget plan that broke spending records, but also was designed to limit the creation of new programs while girding against the possibility of another recession. The governor’s budget release from last Thursday was […]

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