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Budgets and Deficits

Autonomous Cars On The Way… What Do They Mean For Infrastructure Investment?

June 03, 2015
By: Dustin Schrader

Here in Los Angeles, the first thing visitors learn is that our public transportation system won’t get them anywhere. The second thing they learn is that, according to legend, Henry Ford is the reason why.

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School Construction Bonds: A Matter Of Fairness

March 10, 2015
By: Dustin Schrader

EDITOR'S NOTE: This post was co-authored by Christopher Thornberg

Governor Jerry Brown announced in his recent budget proposal that California should stop issuing school construction bonds. This came as a bit of a surprise to many.

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California’s Budget Square Dance

May 30, 2013
By: Jordan Levine

The California Department of Finance (DOF) and the state’s Legislative Analyst’s Office (LAO) each recently published new, and somewhat conflicting, revenue forecasts for the next few years.

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California Makes The Right Move On Judicial Funding

May 21, 2013
By: Dustin Schrader

Since 2000, the populations of Riverside and San Bernardino Counties have been booming. From 2000 to 2012, Riverside County’s population grew by 46.8%, the fastest growth rate of any California county, while the population of San Bernardino County increased by 21.8%, the eighth fastest growth rate.

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Do CalPERS’ New Rule Changes Spell Fiscal Disaster for California Local Governments?

April 24, 2013
By: Vedran Kaluderovic

Things are about to change drastically for everyone involved in California’s public pension system, including CalPERS, employers, employees, and taxpayers.

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California’s Pension Crisis Part 2: What Went Wrong With Public Finance In The Golden State?

March 07, 2013
By: Vedran Kaluderovic

In Part 1 of this series I discussed how the 1999 passage of Senate Bill 400, which increased state workers’ pension benefits, represents one of the main reasons for today’s skyrocketing pension liabilities among state and local governments in California.

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California’s Pension Crisis Part 1: What Went Wrong With Public Finance In The Golden State?

January 09, 2013
By: Vedran Kaluderovic

NOTE TO READERS: This is the first in a three-part posting on California's pension crisis. Please look for additional posts over the next few weeks.

Why do so many state and local governments seem to be in a constant struggle to balance their budgets? One reason is the volatility of public revenue streams.

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Understanding ‘The Cliff’

December 13, 2012
By: Christopher Thornberg, PhD

I was gratified the other morning to hear a long report on NPR’s Morning Edition pointing out what we have been saying here at Beacon Economics for some time—that the fiscal “cliff” isn’t any such thing.

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California’s Budget Whirlwind

May 24, 2012
By: Jordan Levine

Each fiscal year, California goes through several rounds of budget estimates for revenues and expenditures. At the various stages of the budgeting process, several parties are involved in the forecasting process.

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