The 2013-14 Budget: California Spending Plan

The 2013-14 Budget: California Spending Plan. The LAO’s annual California Spending Plan publication includes detailed descriptions of this year’s state budget package, as approved by the Legislature and the Governor in June and early July. Included are highlights from the administration’s official scoring of the budget package. Today’s preliminary electronic version of the California Spending […]

Capitol Dome

Right now, Larry Summers is the front-runner for Fed chair

Right now, Larry Summers is the front-runner for Fed chair. That’s not to say Summers is a sure thing. His confirmation would be far tougher than Yellen’s, as Republicans will make him answer for the stimulus and the bailouts, and progressive Democrats have a list of grievances going back to financial deregulation in the Clinton-era. […]


EDD unemployment numbers

Employment numbers are improving

California’s Employment Development Department (EDD) released new numbers on Thursday showing stark improvements in the state’s employment situation. EDD reports California’s unemployment rate fell to 8.5 percent and nonfarm payroll increased by 30,200. To look at this report with a wide lens, this time last year California’s unemployment was at 10.6 percent. 2.1 percent in […]


Chart of the Day: July 16, 2013

The California Public Employees’ Retirement System (CalPERS) today reported a 12.5 percent return on investments for the 12 months that ended June 30, 2013, outperforming its benchmark by 1.5 percentage points. CalPERS assets at the end of the fiscal year stood at more than $257.8 billion.

CalPERS Preliminary Performance

California Delta. Map courtesy of USGS.

Stakes are high in state, federal water contract negotiations – SacBee

By far the most important thing happening in California water policy. Stakes are high in state, federal water contract negotiations – Gov. Jerry Brown – The Sacramento Bee. Gov. Jerry Brown’s plan to build two massive water diversion tunnels in the Delta has hogged the spotlight in the crowded theater of California water issues. But […]