In this comprehensive update on California's financial status, the writer makes it clear that the state is still in a steep decline. It shows how reforms, which could have fixed this have no way of being passed in California's interest group-controlled legislature. With businesses and employees leaving the state in droves, things are continuing to look worse instead of better.

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This editorial in the Sacramento Bee explains how lavish pension plans, which require high-risk investments are at the root of CalPERS' budget crisis. Legislators have finally proposed two measures to cut this pension spending dramatically. The governor has yet to release his position on these measures.

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As this article in the Sacramento Bee explains, CalPERS is doing everything it can to avoid cuts to its funding including a "smoothing" plan, which will shift its deficit to taxpayers over the next 30 years. As the article concludes, what really needs to happen is a top-to-bottom review of the public pension system to stop this money hemorrhaging once and for all.

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As this blurb in the Sign On San Diego News reports, critics of Proposition 13 frequently make the claim that the voters no longer support the proposition and the two-thirds requirement. However, polls once again have proved this claim to be utterly false. In fact, only a small percentage of voters wish to see legislative change in these areas.

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World Mag quotes HJTA president Jon Coupal in their coverage of California's 10% increase in income tax withholdings. Just as predicted, the May budget "solution" was really just kicking the deficit down the road, leaving the burden eventually to fall on the shoulders of already overburdened taxpayers. CA legislature's financial negligence strikes again.
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