[Source: San Francisco Chronicle] California has come a long way to dig itself out of budget deficits, but the state remains on shaky ground due to nearly $400 billion in unfunded liabilities and debt from public pensions, retiree health care and bonds, financial analysts say. “Yes, the state’s budget is balanced if you are looking Read More…
Tag: california
Is California a climate model?
[Source: The Sacramento Bee] Tom Steyer was on stage at the United Nations climate summit one recent afternoon, grinning at a small crowd. Many people in the audience had already heard the billionaire environmentalist “promoting California as an example” of leadership on climate change, the event’s moderator said. Still, Steyer came to dish some more. Read More…
9,000 companies left California over last 7 years
[Source: San Diego Business Journal] A study by Spectrum Location Solutions found that within the last seven years, 9,000 businesses left California in favor of other locations. San Diego rated No. 5 for the most losses; Los Angeles topped the list. The other counties with the highest number of disinvestments were Orange, Santa Clara, San Read More…
Lawmakers urge report on growing bullet train costs
[Source: Los Angeles Times] The California high-speed rail authority bowed to pressure from California legislators and members of Congress late Tuesday and released a copy of a 2013 report showing a large estimated increase in the cost of building the initial segment of the bullet train project. The report, disclosed by the Times in a Read More…