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| Analysis |
California Capitol Hill Bulletin-- November 19, 2009 |
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Posted by: mturnipseed on 11/20/2009 11:01 AM
(Read: 28)
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California Capitol Hill Bulletin
Volume 16, Bulletin 34 -- November 19, 2009
CONTENTS OF THIS ISSUE
Telecom: House Hears Testimony On Universal Service Reform Act
Trade: Subcommittee Examines U.S. Preference Programs
Housing/Development: Economic Development Revitalization Act, Boxer Amendment Approved By Committee
Homeland Security: Reauthorization of Firefighter Programs Passes House
Resources: Natural Resources Reports Capps Watershed Education Bill; Subcommittee Considers Farr Bill
Transportation: R&D Portfolio Aims to Support Department of Transportation
Report: Californians Give Public Colleges High Grades, Concerned About Budget Cuts, Fee Hikes
Report: ITIF Compares Investment In Clean Technologies |
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California Capitol Hill Bulletin -- November 6, 2009 |
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Posted by: mturnipseed on 11/11/2009 11:29 AM
(Read: 33)
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California Capitol Hill Bulletin
Volume 16, Bulletin 33 -- November 6, 2009
CONTENTS OF THIS ISSUE:
Elections: Garamendi Elected To Replace Tauscher
Economy: Unemployment Comp & Home Buyer Extension Move Forward
Resources: CA Legislature Passes Water Package
Environment: Environment & Public Works Moves Climate Change and Energy Bill Out of Committee Without Republican Participation
Resources: Senate Commerce Committee Discusses Ocean Governance
Energy: California Highlighted in Best Practices in Renewable Energy Siting and Transmission at Hearing
Environment: Challenges Expected in Copenhagen, Foreign Affairs Committee Explores Barriers
Resources: Subcommittee Examines Water Resources Under ARRA |
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California Capitol Hill Bulletin-- October 15, 2009 |
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Posted by: mturnipseed on 10/16/2009 03:41 PM
(Read: 31)
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California Capitol Hill Bulletin
Volume 16, Bulletin 30 -- October 15, 2009
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CONTENTS OF THIS ISSUE:
Appropriations: Senate Passes Energy & Water Appropriations; Bill Goes To President
Appropriations: House passes Conference Report On FY 2010 Homeland Security Appropriations
Resources: House Passes Bay Area Water Bill
Resources: Transportation Examines Clean Water Act
Climate: Economic Effects of Climate Change Legislation Examined
Education: Eligibility for Student Loans Hearing Held
Environment: Hearing Held on Environmental Literacy Grant Program
Report: Benefit of Full-Day Kindergarten in California Questioned |
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California Capitol Hill Bulletin -- September 17, 2009 |
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Posted by: mturnipseed on 09/18/2009 11:16 AM
(Read: 40)
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California Institute for Federal Policy Research
California Capitol Hill Bulletin
Volume 16, Bulletin 26 -- September 17, 2009 [view online or pdf]
To expand communications between Washington and California, the California Institute provides periodic bulletins regarding current activity on Capitol Hill that affects our state. Bulletins are published weekly during sessions of Congress, and occasionally during other periods.
CONTENTS OF THIS ISSUE:
Appropriations: Institute Publishes California Implications of House Homeland Security Appropriations
Immigration: House Homeland Security Examines SBInet
Resources: House Natural Resources Bills Move Forward
Education: House Passes HR 3221, The Student Aid and Fiscal Responsibility Act
Climate: Senate Energy & Natural Resources Explores Impact of Greenhouse Gases Trading Program
Health: Report Released on Reforming Physician payments In CA
Event: California Institute to Host Smart Grid Lunch
Report: PPIC Finds Californians Want Change But Approach Reform Cautiously
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California Pension Systems: Ranking their Funding Assumptions |
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Posted by: mturnipseed on 07/12/2009 04:43 PM
(Read: 75)
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California Pension Systems: Ranking their Funding Assumptions
by Rick Roeder, FSA
Roeder Financial
6596 Cibola Road, Suite 100
San Diego, CA 92120
June 28, 2009
COMMENT: ACCORDING TO ROEDER'S ANALYSIS, THE KERN COUNTY EMPLOYEE RETIREMENT ASSOCIATION, KCERA, KERN COUNTY'S RETIREMENT PLAN HAS THE FOURTH MOST OPTIMISTIC PENSION PLANS IN THE STATE. WHAT DOES TIS MEAN? Higher Assumed Investment Return; Lower Assumed Pay Increases; Longer Amortization Periods; No Explicit Expense Load; Projected Unit Credit Funding; AND Level Percent of Pay Amortization. THE RESULTS: MORE TAXPAYER RISK.
This survey ranks the funding assumptions used by California’s public pension systems from “most conservative” to “most optimistic.” There is no “right” or “wrong” in setting assumptions. There can be a number of valid reasons that an assumption package for Entity A differs from Entity B. Entity A might have a larger equity allocation than Entity B. Entity C might wish to have more conservative assumptions to be able to fund an ad hoc COLA in most years. The nation’s largest state plan, CalPERS, may be able to have certain size-related investment efficiencies unavailable to smaller sponsors.
Due to the current financial crisis facing the state and most local entities, there will be a great temptation or need for plan sponsors to do everything in their power to minimize pension contributions. If there is a request by the plan sponsor to change certain actuarial assumptions, this survey may have value in terms of clarifying what “the herd” is doing. This temptation to reduce near-term contributions is not limited to plan sponsors. |
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California Capitol Hill Bulletin-- June 4, 2009 |
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Posted by: mturnipseed on 06/05/2009 04:22 PM
(Read: 63)
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The California Institute for Federal Policy Research
California Capitol Hill Bulletin
Volume 16, Bulletin 16 -- June 4, 2009 [view online or pdf]
CONTENTS OF THIS ISSUE:
Appropriations: House Subcommittee Marks Up Commerce, Justice, Science Bill
Immigration: Senate Judiciary Examines Allowing Sponsorship By Committed Partners
Technology: Hearing Addresses ICANN Internet Overseer
Housing: Subcommittee Hears Testimony on Section 8 Rental Housing Voucher Program
Capitol Hill: Rep. Howard "Buck" McKeon Announces Bid for Leading Republican Post on House Armed Services Committee
Law Enforcement: Policing Los Angeles Under a Consent Decree: The Dynamics of Change at the LAPD
Education: Preschool Adequacy and Efficiency in California
Education: Effects of the California High School Exit Exam on Student Persistence, Achievement, and Graduation
Economy: Economic Development, the Local Perspective
Demographics: Most Hispanic Children Now U.S.-Born Offspring, Pew Finds
Environment: Hybrid Vehicles Briefing And Display Planned For Hill |
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The path to California's fiscal crisis |
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Posted by: mturnipseed on 05/18/2009 11:06 AM
(Read: 71)
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Friday, May 15, 2009
The path to California's fiscal crisis
By Pamela M. Prah, Stateline.org Staff Writer
California has always been a trendsetter. What happens in California often pops up elsewhere. Which raises this question: Are the perpetual billion-dollar deficits that haunt California state government unique to the Golden State or the harbinger of what other states can expect?
The answer, analysts say, is that although most states are experiencing some of the same financial stress, California’s woes are its own. At the same time, other states can take a cue from California's troubles. |
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California Institute for Federal Policy Research -- April 24, 2009 |
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Posted by: mturnipseed on 04/27/2009 05:41 PM
(Read: 72)
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California Institute for Federal Policy Research
California Capitol Hill Bulletin
Volume 16, Bulletin 12 -- April 24, 2009
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CONTENTS OF THIS ISSUE:
Energy and Electricity: Subcommittee Hears Testimony on the American Clean Energy Security Act of 2009
Climate: California ARB Approves Nation’s First Low-Carbon Standard
Immigration: House Oversight Explores H-2B Guestworker Improvements
UCDC Forum on April 30: "California as an Environmental Policy Leader -- Climate Change, Water Policy, Chemicals Regulation, and Biosafety"
Health Reform: Ways & Means Examines Health Insurance Market
Environment: Committee Explores Science, Technology and Greenhouse Gas Emissions
Homeland Security: Following the Money, Committee Explores State and Local Oversight of Stimulus Funding
Immigration: Pew Releases Portrait of Unauthorized Immigrants in U.S.
Transportation: President Announces High Speed Rail Vision, Governor First In Line for Funds
Administration: Alan Bersin Appointed DHS Assistant Secretary for International Affairs and Special Representative for Border Affairs
Technology: House Science & Tech Examines Small Business Tech Innovation
Health Care: Finance Committee Holds Roundtable on Health Care Reform
Health Care: UCLA Data Details Numbers of Uninsured By Congressional District
Space: CSA Economic Impact Report Finds California Comprises 40% of Nation’s Space Enterprise |
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California Capitol Hill Bulletin-- March 27, 2009 |
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Posted by: mturnipseed on 03/27/2009 04:53 PM
(Read: 88)
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California Institute for Federal Policy Research
California Capitol Hill Bulletin
Volume 16, Bulletin 10 -- March 27, 2009
CONTENTS OF THIS ISSUE:
Homeland Security: Senate Assesses Southern Border Violence and U.S. Response
Budget: House, Senate Committees Report Budget Resolutions for FY 2010; Reconciliation Sought
Energy: Senate Subcommittee Discusses Energy Market Transparency and Regulation
Resources: House Passes Wildfire Suppression Act
Energy: Energy & Commerce Subcommittee Discusses Adaptation Policies in Climate Legislation
Energy: Subcommittee Discusses Trade Aspects of Climate Legislation
Energy: Tax Committee Addresses Price Volatility in Climate Change Legislation
Economy: Governor Establishes Economic Stimulus Task Force
Studies: PPIC President to Address Roundtable Luncheon
Trade: California Cities Seeking to Host APEC 2011 Meeting |
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California Capitol Hill Bulletin-- March 20, 2009 |
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Posted by: mturnipseed on 03/23/2009 05:56 PM
(Read: 79)
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California Institute for Federal Policy Research
California Capitol Hill Bulletin
Volume 16, Bulletin 9 -- March 20, 2009
CONTENTS OF THIS ISSUE:
Technology: House Passes Issa Patent Bill
Crime: Judiciary Marks Up COPS Reauthorization Bill
Energy: Committees Discuss OCS, Natural Resources and Energy
Climate: House Energy & Commerce Subcommittee Discusses “Competitiveness and Climate Policy”
Energy: House Science Committee Discusses New Directions for Energy Research and Development
Resources: Senate Again Passes Omnibus Lands Bill
Population: Census Bureau Estimates Population Changes for Metro Areas
Demographics: PPIC Statewide Survey on Californians and Population Issues Finds Pro-Choice Views Prevail, Confusion Over Population Growth
Census: March 23 Hearing to Address Census Counting and Undercounting |
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State Budget: Number of State Employees Increases During Budget Meltdown |
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Posted by: mturnipseed on 03/20/2009 05:20 PM
(Read: 85)
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from Cal-Taxletter, March 20, 2009
State Budget: Number of State Employees Increases During Budget Meltdown
Despite the escalating state budget deficit for the 2008-09 fiscal year that led to the February 19 budget package of cuts and tax increases, the state was hiring more employees during the course of the year. |
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California Capitol Hill Bulletin-- March 13, 2009 |
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Posted by: mturnipseed on 03/13/2009 01:48 PM
(Read: 86)
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California Institute for Federal Policy Research
California Capitol Hill Bulletin
Volume 16, Bulletin 8 -- March 13, 2009
CONTENTS OF THIS ISSUE:
Appropriations: President Signs FY09 Omnibus Appropriations
Entertainment: House Judiciary Examines Performance Rights Act
Homeland Security: Subcommittee Looks At U.S.-Mexico Border Violence
Energy: Committee Explores Relationship Between Water and Energy
Energy: ENR Considers Pending Legislation Regarding Transmission Lines
Education: Joint Subcommittee Hearing Considers Lost Educational Opportunities in Alternative Settings
Intellectual Property: Senate Judiciary Considers Patent Reform
Immigration: Royce Leads Letter Urging Resumption of Border Protection Under Operation Jump Start
Demographics: Latinos and Asians Indispensable to California's Economy
Economy: California's Future Economy Depends On The Application of Creativity
Economy: California Unemployment to Reach 10.5 Percent in 2009
Education: UCLA Institute Investigates Conditions of CA Public Schools
Education: Study Finds Two-Year College Students More Likely to Be Part Time, Less Prepared, and from Lower Socio-Economic Status
Education: California Aligned High School Standards with College, Workplace Expectations |
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Is California too unwieldy to govern? |
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Posted by: mturnipseed on 12/15/2008 11:22 AM
(Read: 94)
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From the Los Angeles Times | News analysis
Is California too unwieldy to govern?
As the state faces fiscal crisis and partisan gridlock, some wonder if this nation-state is so oversized, Balkanized and polarized that it is destined for dysfunction no matter who is in charge.
By Evan Halper and Michael Rothfeld
December 15, 2008
Reporting from Sacramento — Gray Davis had just landed in Pennsylvania on a trip last June when he was struck by the differences between that state and the one whose voters drove him out of office early in his second term, blaming his leadership for state government failures that included deep debt and legislative paralysis.
Pennsylvania roads were clean. The state's budget was balanced. Lawmakers had socked enough away in a rainy-day fund to build what was then a decent surplus. Government seemed to run effectively. |
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Taxing Energy: Oil Severance Taxation and the Economy |
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Posted by: mturnipseed on 11/29/2008 10:44 AM
(Read: 107)
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from the INDEPENDENT INSTITUTE
Taxing Energy: Oil Severance Taxation and the Economy
By Robert T. Deacon, H. E. Frech, M. Bruce Johnson
Foreword by Joseph P. Kalt
Highlights
Six states—Texas, Louisiana, Alaska, California, Oklahoma, and Wyoming—account for 80 percent of all oil produced in the United States.
Except for California, most oil producing states rely on a severance tax for the majority of oil revenues. Yet contrary to popular belief, California does not place an abnormally light tax burden on crude oil producers. Considering both tax and royalty revenues, state government revenues from oil production in California amounted to 13.4 percent of the value of nonfederal production in the state, well above comparable rates for Oklahoma, Texas, and Wyoming.
Severance taxes are economically very inefficient but politically very tempting. Because oil cannot leave the state, it presents an easy target for tax-hungry legislators and bureaucrats. But severance taxes drive out other variable factors of production, such as labor and capital, and thus stifle production.
Because it has no severance tax, California has one of the least costly, least economically distorting energy tax systems in the nation.
If California imposed a 6 percent severance, it would reduce the average remaining economic lifetime of existing wells by three years. Over the full lifetime of existing wells, the tax would reduce production by about 10.5 percent of the remaining production from those wells.
Severance taxes discourage exploration efforts and the drilling of new wells. A 6 percent severance tax in California, for instance, would reduce the number of new wells drilled in the state by 230 to 280 annually, or 6.5 to 7.0 percent.
Imposition of a 6 percent severance tax in California would destroy jobs. Direct employment demand in the fossil fuel extraction sectors would fall by an average of 1,700 to 2,600 positions over a 30-year period. When the indirect employment effects in other sectors are added, the total reduction in California employment demand would amount to 9,00 to 16,000 full-time equivalent positions.
Imposing a severance tax in California would reduce significantly gross sales of oil in the state. Estimated total reductions from the direct and indirect effects of a 6 percent severance tax would total $1.2 to $2.0 billion annually. |
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Cal by far the highest-spending state |
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Posted by: mturnipseed on 11/27/2008 09:43 AM
(Read: 92)
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from CapitolAlert
The latest on California politics and government
November 26, 2008
Cal by far the highest-spending state
In the midst of a historically severe state budget crisis, the Census Bureau has released new data indicating that when it comes to spending money, California stands alone among the states.
The new Census Bureau report tags total state spending last year at $233.6 billion, roughly 15 percent of the state's economic output. The total includes not only the state's general fund spending, roughly $100 billion, but proceeds of special fund revenues, such as gasoline taxes, borrowed money and federal funds. |
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Created on 02/04/2003 10:24 AM by admin
Updated on 12/28/2006 11:16 AM by mturnipseed
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