Posts Tagged ‘Proposition 13 (California)’
Thursday, August 6th, 2015
Time for another Texas vs. California roundup:
Oakland’s monthly rent has doubled in the last five years, but the Oakland police are laying off people and no longer investigate property crimes. (As Zero Hedge notes, average rent is now more than it was in San Francisco in 2012.) How’s that Blue State model of high taxes, high public union salaries, and declining basic services working out for you California?
Controlling big budget government programs through ballot initiatives.
Only voters can stop California’s union pension crisis. “Government union bosses are desperate to protect their gravy train at taxpayers’ expense. That’s why they are spinning a web of lies about the [ballot initiative].”
“With CalPERS’ actuaries demanding a pension funding increase from $3.7 billion to $7.25 billion by 2020, the state must either cut payroll by 30 percent or find a massive new tax source, like overturning Prop. 13.” (Hat tip: Pension Tsunami.)
Visualizing California’s staggering pension hole. (Hat tip: Pension Tsunami.)
Need to make up the funding shortfall for CalSTARS means cutting into actual teacher salaries.
Finally, California beats Texas in job creations. For one month. And by some 6,000 jobs.
“The Green Behind California’s Greens: A handful of superrich donors have created the illusion of a grassroots environmental movement.”
Cloud Computer company LiveOps is moving from Redwood City, California to Cedar Park.
“Thanks to our low-tax, low-regulation environment that allows all businesses to thrive, the State of Texas has become the national leader for technology job creation, and we continue to attract tech companies from around the country and around the world,” [Governor Greg] Abbott said. “On behalf of the State of Texas, I am pleased to welcome LiveOps to the Lone Star State as the company seeks to transform cloud-based customer service. With their help, the State of Texas can, and will, continue to lead the nation in job creation within the technology sector.”
Bra-maker Fashion Forms is relocating from Ventura, California to Austin.
California-based Relativity Media files for bankruptcy. Forbidden Kingdom was pretty good. Skyline was a pile of crap…
Add California to the list of Democratic Party controlled polises trying to kill Uber.
The War on Photography continues apace in Northern California.
Facebook is opening a $1 billion data center in Ft. Worth This means they’ll be able to ignore your “Most Recent” setting and tag you in sunglasses spam ten times faster…
Tags:Austin, California, CalPERs, CalSTARS, Cedar Park, Facebook, Fashion Forms, Greg Abbott, LiveOps, Proposition 13 (California), Texas, Uber, Welfare State
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Tuesday, April 16th, 2013
Time for another Texas vs. California update:
The Stockton Bankruptcy:
Alarm bells have been ringing loudly in the heads of municipal bond investors…If you’re the chief of municipal bond investing for a big bank, whether on Wall Street or in San Francisco, Los Angeles or Chicago, this gets your attention. You might hesitate to lend hundreds of millions of dollars to other cities and counties if you fear they might go the Stockton route. Even if you proceed, you might insist on higher interest rates to compensate for what now appears to be added risk. That can translate to higher local taxes.
Can judges hire lawyers to lobby against budget cuts for courts? In what universe could the answer to that be anything but “No”?
California high speed rail to nowhere would lose hundred of millions of dollars a year.
Union response to the high speed rail boondoggle? Screw you. We’ve got ours, jack.
Seven years, seven billion more in unfunded liabilities for Los Angeles’ two largest pension plans.
Current California pension reform proposals are only a start.
Sacramento proposes to spend $447 million on an arena for a losing, mismanaged basketball team. “It’s 60 to 75 percent public subsidies.”
Problem: California’s politicians spend money like drunken sailors with a stolen credit card. Solution: Eliminate Proposition 13 so they can spend even more.
Indeed, that was just one of the many pro-economic suicide measures passed at the California Democratic convention.
Meanwhile, Rick Perry is pushing a business tax cut.
Austin, Houston and San Antonio among top 5 cities for small business.
Tags:Austin, Budget, California, Houston, Proposition 13 (California), San Antonio, Texas, unions, Welfare State
Posted in Austin, Budget, Texas, unions, Welfare State | No Comments »
