HJTA president Jon Coupal is quoted in this article in the Sacramento Bee, commenting on the multibillion-dollar infrastructure improvement that passed in vote just before the economy plummeted. This expense will put even further stress on the state's finances and programs.

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MercuryNews.com reports that California's unemployment fund will face a $7.4 billion deficit. Due in part to the poor economy and record unemployment rate, this article suggests that the deficit is also the result of legislative action to increase unemployment benefits. Legislators will no doubt try to shift the burden of their poor decisions to taxpayers and increased taxes.

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This article from Forbes.com explains that Calpers has made fraudulent and deceitful statements regarding their (mis)managment of the state pension fund that would have landed a private investment firm a bundle of lawsuits. Though public firms like Calpers have a different regulatory ethic than private firms, the author suggests that Calpers actions deserve a review by Securities and Exchange Commission.

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The Sacramento Bee reports that at $21 Billion deficit has been estimated for California over the next year and a half. This is due largely to failed predictions about the success of the newest budget plan. The governor has begun discussions surrounding further budget cuts and possible tax increases.

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As this article from FoxNews.com describes, liberal legislative practices have left California in shambles with astronomical taxes and a hemorrhaging state budget. However, it wasn't always like this. At one point, conservative legislative practices like those that passed Prop. 13 were responsible for growing California to be one of the strongest economies in the world. Now, conservatives have a prime opportunity to take the state back and grow it to the power it once was.  Read more >>