Posts Tagged ‘California economy’

Shell Game Shakes Down Taxpayers


Monday June 9th, 2014   •   Posted by K. Lloyd Billingsley at 7:00am PDT   •   1 Comment

We have noted that California’s Parks Department protected its budget by hiding more than $50 million in a secret fund, at a time when it was shutting down parks and giving government employees lucrative vacation payouts. Now, in “California State Departments Play Shell Game,” Jon Ortiz and Jim Miller of the Sacramento Bee have…
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California Recovery Legend Ignores Debt of $340 Billion


Thursday June 5th, 2014   •   Posted by K. Lloyd Billingsley at 7:00am PDT   •   1 Comment

For some months now the story has been going around that California is experiencing an economic turnaround. As Ben Boychuk noted in City Journal California, the story “describes a state emerging from a decade of fiscal darkness to reclaim its place as an innovative, diverse, entrepreneurial haven.” The tale may be compelling but remains…
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California’s $500 Million Overstaffing Scandal


Tuesday June 3rd, 2014   •   Posted by K. Lloyd Billingsley at 8:43am PDT   •   1 Comment

The new eastern span of the Bay Bridge cost $6.4 billion, $5 billion more than the original estimate, and came in ten years late. Despite the long delay serious safety issues remain. These prompted Caltrans geologist Michael Moore to call for a “criminal investigation,” but that never took place. Instead state senator Mark De…
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The BOE Bottomless Money Pit


Wednesday May 28th, 2014   •   Posted by K. Lloyd Billingsley at 7:15am PDT   •   3 Comments

Jon Ortiz of the Sacramento Bee has dubbed the State Board of Equalization (BOE) headquarters in the state capitol as a “Terror Tower,” with good reason. Since the 24-story office building opened 21 years ago, taxpayers have “shoveled about $60 million into combating defects that have plagued the tower, including invasive mold, leaking windows,…
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The $6.4 Billion Bridge to No Accountability


Wednesday May 14th, 2014   •   Posted by K. Lloyd Billingsley at 7:05am PDT   •   2 Comments

As we have noted, the new eastern span of the Bay Bridge cost $6.4 billion, a full $5 billion more than the original estimate, and the project came in ten years late. The delay of a decade, however, was not sufficient to resolve serious safety problems with the bridge. Those were the subject of…
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$3 Billion Scamiversary


Monday May 5th, 2014   •   Posted by K. Lloyd Billingsley at 7:05am PDT   •   0 Comments

In 2004, California’s $3 billion Stem Cell Research and Cures Act, Proposition 71, promised life-saving cures and therapies for a host of afflictions. Voters approved the measure, which created the California Institute for Regenerative Medicine (CIRM). Ten years later CIRM has spent nearly $2 billion, but as this report notes, “No cures have yet…
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Caltrans Problems Inherent in the System


Monday February 3rd, 2014   •   Posted by K. Lloyd Billingsley at 6:11am PST   •   1 Comment

As we noted last week, the California Senate conducted a hearing on the problems with the new eastern span of the Bay Bridge, which cost some $5 billion more than the original estimate. Bridge construction was delayed 10 years but doubts remain about its safety. Taxpayers should wonder why politicians took so long to…
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Peninsula Rail Versus Grand Bunk Railroad


Friday January 17th, 2014   •   Posted by K. Lloyd Billingsley at 1:12pm PST   •   1 Comment

This week California is marking the 150th anniversary of the first train service between San Francisco and San Jose. The Southern Pacific Peninsula train began in 1863 as a private for-profit business to meet transportation needs. It cut the travel time between San Francisco and San Jose from eight or nine hours to 31/2…
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Stockings Stuffed All Year for California City Officials


Wednesday December 25th, 2013   •   Posted by K. Lloyd Billingsley at 6:27am PST   •   0 Comments

The holiday season will be rough for many Americans, particularly those staring down the barrel of higher health insurance premiums due to Obamacare. The national and state economies are not exactly booming but for some city officials in California the Christmas stocking has been stuffed chock full all year. Recent data from the state…
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Another CARB Clunker


Thursday December 19th, 2013   •   Posted by K. Lloyd Billingsley at 7:17am PST   •   0 Comments

Santa may still be en route but the elves at the California Air Resources Board (CARB) have already made their list and checked it twice. CARB bosses want to help low-income people by buying them cars. CARB now hands out $1,000-$1,500 for motorists to get rid of older vehicles. Under the new plan the…
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