Rob Feckner, president of the CalPERS board of administration, has heard stories that all is not well with the massive pension fund, with assets of more than $301 billion. “Nothing could be further from the truth,” writes Feckner in the Sacramento Bee. “Let me tell you why.” Investment returns for fiscal year July 1,…
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Covered California has not been much in the news of late, but that does not mean that all goes well with the Golden State’s wholly owned subsidiary of Obamacare. As we noted last year, Emily Bazar of the Center for Health Reporting wrote that Covered California’s computer system is “responsible for countless glitches and…
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As Tony Barboza notes in the Los Angeles Times, the California Coastal Commission is “the most powerful land-use agency in the nation” and some of the 12 commissioners want to fire the boss, Charles Lester. This action should serve as a timely reminder for Californians of the abuse they face at the hands of…
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Long before his latest State of the State address, governor Jerry Brown has been proclaiming that California is back, and as City Journal California associate editor Ben Boychuk notes, there is some ground for optimism. The Golden State has enjoyed impressive job growth over the past three years and this year might overtake Brazil…
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As we have noted, governor Jerry Brown wants to drill two massive tunnels under the Sacramento-San Joaquin River Delta. The total cost of his Delta conservation plan is $25 billion, but based on projects such as Boston’s “Big Dig,” and a highway tunnel project in Seattle, the cost would be much higher. A coalition…
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California governor Jerry Brown is in a mood for spending. As Jon Ortiz and Dale Kasler note in the Sacramento Bee, his 2016-17 budget includes “a $1.5 billion infrastructure plan that would also remodel a portion of the Capitol.” The governor has “proposed transferring $1.5 billion from the state’s general fund to a new…
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The California Department of Transportation hired Alex Morales III as statewide coordinator for compliance with the federal Americans with Disabilities Act (ADA). As Jim Miller notes in the Sacramento Bee, Mr. Morales III, who was paid a base salary of $74,912, has been arrested for allegedly accepting “at least $100,000 in bribes, including an…
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When confronted with seismic-safety issues on the new span of the Bay Bridge, which came in 10 years late and $5 billion over budget, California governor Jerry Brown famously quipped, “shit happens.” As David Siders of the Sacramento Bee observes, Brown the former seminarian does better with the orthodoxies of statist superstition. “Never underestimate…
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We have been keeping track of California’s bullet train boondoggle, or as some call it, a “Browndoggle” after governor Jerry Brown. He backs the train and wants to dig two massive tunnels under the Sacramento-San Joaquin River Delta at an estimated cost of $25 billion. Now taxpayers learn that the bullet train also has…
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California is the least tax-friendly state according to new rankings from Kiplinger. Much of that unfriendliness is due to the 2012 Proposition 30, which imposed the highest income tax rate in America, 13.3 percent, and also raised the sales tax to 7.5 percent, also highest in the nation. Proposition 30 was pitched as a…
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