Bloomberg News reports California taxpayers may see the municipal pension contributions they fund for the California Public Employees’ Retirement System rise as much as 50 percent under a plan to fill $87 billion in unfunded obligations.

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ABC 23 Bakersfield reports California Democrats adopted resolutions on Sunday affirming many of their biggest political goals, including changing California's landmark property tax limitation law, Proposition 13, supporting more gun control legislation and imposing a moratorium on hydraulic fracturing for oil.

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Citing the recent closure of San Diego based pharmaceutical company Amylin by Bristol-Myers Squibb, Michael Rosen of the Union Tribune points out that even companies based in tax and regulation heavy states like New York don't want to do business in California.

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Larry Sand of City Journal disputes the fallacy that more money is what's needed to improve California's education system, as touted by supporters of Proposition 30, and what is needed instead is real reform of our public schools.

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Katherine Timpf of Investor's Business Daily talks about the dozens of bills that have been introduced since the Democratic supermajority gained power in November which take aim at residents' cash, despite repeated promises of frugality from party leaders.

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