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OPINION: California's Vanishing "Surplus

Peter Hannaford of The American Spectator explains how despite increased revenue from the passage of Proposition 30, California’s economy continues to head south. The highest state corporate tax rates, sales and gasoline taxes in the country, combined with a heavy regulatory burden, continue to drive business away.

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OPINION: CA Dems Kill Bill Requiring High Speed Rail Authority To Comply With The Law

PJ Media reports California Senate Democrats have voted down a bill that would have made the California High-Speed Rail Authority operate within the parameters of a 2008 proposition that allowed money to be borrowed under certain conditions.

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NEWS: California Faces Highest Personal Dividend Tax in U.S.

KBFK Sacramento reports a new study by the Tax Foundation found that Californians face the highest personal dividend tax rate in the United States. While the average rate across the US is 28.6%, California's rate currently stands at 33%.

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OPINION: Vallejo, California, Likely Headed for Second Bankruptcy

Writing for the New American, Bob Adelmann explains how union pensions are once again pushing Vallejo, CA to the verge of bankruptcy, despite the struggling city having only emerged from its first bankruptcy just two years ago.

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NEWS: EDD missed out on more than $500 million in revenue, auditor says

The Los Angeles Times reports the California Employment Development Department missed out on $516 million in revenue because it failed to take advantage of a new federal program. The agency could have collected the money if it had invested in computer modifications that would have allowed it to recover overpayments of unemployment benefits.

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