Tag Archives: Proposition 58

Legislators Lose Pay. See You In Court?

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Given the hard-to-be-lower approval ratings of the California Legislature, there’s likely to be a lot of cheers around the state today from Controller John Chiang’s decision to cancel the salary and expense payments for the 120 men and women who … Continue reading »


Politician Pay: All Eyes on Controller

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If you think that this week in Sacramento will be dominated by the aftermath of the historic budget veto or the negotiations needed between the two political parties, you’re wrong. All eyes are going to be on the state’s chief … Continue reading »


Budget +29: Does California Have A Rainy Day Fund?

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As Governor Arnold Schwarzenegger hits the road to talk to groups around the state about the stalled budget talks here in Sacramento, he keeps telling audiences that California has no reserve “rainy day” fund. It’s a statement that, one assumes, … Continue reading »


Budget Borrowing...Or Not

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Most budget watchers will tell you that 2004′s Proposition 58 bans borrowing to pay off deficits. But what constitutes deficit borrowing? Welcome to the world of state budgeting. Governor Schwarzenegger said today that the ban includes an Assembly Democratic proposal … Continue reading »