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California fiscal outlook remains grim

California fiscal outlook remains grim

. By David Schwartzman California’s state government collected $2.68 billion less in revenues than expected during the 2016-17 fiscal year. The bad news will likely worsen California’s position relative to other states:  After crunching 2015 data for fiscal conditions in all fifty states, the Mercatus Center at George Mason University ranks California 43rd. While we rank a […]

California government retirement plans are more than 50% underfunded

California government retirement plans are more than 50% underfunded

. By David Schwartzman California is failing its employees and its citizens. Documents show that the state and local governments in California do not have enough money saved up to pay for the retirement of its current employees. The California Public Employees’ Retirement System (CalPERS) is facing future insolvency. These findings come from the 2015 CalPERS […]

When it comes to school districts, small is beautiful

When it comes to school districts, small is beautiful

. By David Schwartzman When it comes to school districts, bigger is not necessarily better. The number of public school districts in the United States has fallen sharply since the early 20th century: declining from 117,108 for the 1939-40 school year to 13,672 in 2014-15. While school district consolidation has slowed in recent years, the general trend continues. […]