Tag archive for Jerry Brown

Tesla sees green future beyond California

camanufacturingCalifornia loves Tesla, the Los Angeles Times informs us, but the electric car company is ambivalent about the Golden State. In a blow to efforts to stem manufacturing job loss in California, the car company, based in Palo Alto, said it would definitely not build a new $5 billion “gigafactory” employing up to 6,500 workers in its home state. The decision comes at a time when investment in manufacturing jobs measured on a per capita basis…

State debts overshadow brightening revenue picture

20140124_100519_ssjm0127liability90The Wall Street Jr. has a story today about how improving tax collections are encouraging states to consider new spending or tax cuts. The story only nods briefly to the fact that states also have large debt problems to deal with (or ignore, as is sometimes the case). Contrast that with a sobering San Jose Mercury News story…,

Californian proclaims: Welcome Texans

We’ve written before about the efforts of Texas Gov. Rick Perry to lure California businesses to his state, which elicited a scatological response from Gov. Jerry Brown. Relocation expert Joseph Vranich, who has done such a good job assembling the list of California firms leaving …

Jerry Brown defies liberal court to defend guards’ union

Anyone who believes that California Gov. Jerry Brown has any shred of that old 1970s-era civil-libertarian progressive in him need only look at his continued defiance of the federal courts, which are mandating prison reductions because of massive overcrowding. I might enjoy a good states’-rights …

Debating California’s revival: joblessness

A lively debate continues on whether California is experiencing a robust recovery, with some commentators even suggesting that President Obama needs to learn from Jerry’ Brown’s managing of the Golden State’s woes. My own take is that both sides in this debate have managed to …

California tax hikes go to … boost state worker pay!

How can any of us really be surprised at the priorities of California officials? Gov. Jerry Brown and Democratic legislators insisted that the massive tax increases approved by voters in November were necessary to save the state from an ongoing fiscal crisis. But the new deals are in and it looks like California state workers will be getting hefty raises even though they already receive generous pay and absurdly generous pension and medical benefits. 

Update on state surpluses that ignore debt…

The New York Times brought some balance to its own previous happy coverage of state budgets this weekend with a piece by Michael Cooper and Mary Williams Walsh pointing out that the “too much money” that some states are now finding in their budgets (at least according …

Jerry Brown: Tax increases hurt

California Gov. Jerry Brown championed a $7 billion tax increase last November as the fiscal medicine for California’s future. After his Proposition 30 passed, Brown was exultant. At a budget presentation in early January he projected a $4.5 billion surplus and declared California was back. Not quite so much, now, however. In his budget update earlier this week, Brown cut estimates of the state’s budget surplus for this year by $1.7 billion based on estimates of lower tax collections for the rest of the year. One reason is tax increases…by the federal government!

CalPERS’ legacy of corruption grows

A federal grand jury has indicted former CalPERS CEO Fred Buenrostro and former board member Alfred Villalobos on charges of fraud. The indictments follow actions by the California attorney general’s office and the Securities and Exchange Commission against Buenrostro and Villalobos, as I detailed in …

California leaders must choose one form of green

California’s environmentally friendly leaders are facing a difficult choice. Do they choose the green of more money to fund big pensions and other government priorities or do they choose the fashionable green of environmentalism? The key issue, as I explain in my new Bloomberg column, …