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Keyword: edmendel

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  • Big pensioners: should they be named? (Califonia)

    06/11/2009 9:16:11 AM PDT · by twistedwrench · 20 replies · 831+ views
    Calpensions ^ | 6-11-09 | Ed Mendel
    A lawsuit would limit the information on the website of a pension reform group, preventing the listing of names such as Bruce Malkenhorst, a city of Vernon retiree with a $499,675 annual pension. The suit filed by a retired Contra Costa Deputy Sheriff, Donna Irwin, would allow the disclosure of the amounts of individual public employee pensions. But the recipient could not be named.
  • CA: GOP offers up alternative budget; Senate stays in session this week

    08/31/2008 10:05:53 AM PDT · by calcowgirl · 5 replies · 211+ views
    San Diego Union-Tribune ^ | August 31, 2008 | Ed Mendel
    SACRAMENTO – Anti-tax Republican legislators, blamed for what will soon be a record two-month state budget deadlock, answered their critics yesterday, proposing an alternative budget balanced without a general tax increase. The Republican plan replaces a one-cent sales tax increase backed by Gov. Arnold Schwarzenegger and Senate Democrats with $2 billion in lottery-backed bonds, $1.5 billion in spending cuts, and $1.5 billion in new tax revenue. The Republican plan, unlikely to quickly end the deadlock, was criticized for making painful spending cuts and failing to end years of state deficit spending. “We believe our plan is the responsible way to...
  • CA: GOP leader: Cuts alone won't close budget gap

    08/09/2008 11:30:52 AM PDT · by NormsRevenge · 17 replies · 205+ views
    San Diego Union - Tribune ^ | 8/09/08 | Ed Mendez
    SACRAMENTO – Seven years of deficits have left the state budget so far out of balance that a Republican legislative leader is saying that closing a huge budget gap with cuts alone is unworkable. Senate Republican leader Dave Cogdill of Modesto said he remains staunchly opposed to tax increases and is now proposing that the state borrow – possibly from funds for local government, transportation and other programs – and quickly repay the loans with money from bonds backed by the lottery. “What we would like to do is see the state get its spending in line with its revenue,”...
  • Shortfall Threatens Governor's Agenda (Budget Schadenfreude Is Sweet Sorrow Alert)

    12/12/2007 10:42:47 AM PST · by goldstategop · 18 replies · 289+ views
    San Diego Union Tribune ^ | 12/12/2007 | Ed Mendel
    But work on Schwarzenegger's agenda may be overshadowed next year by his failure to resolve the issue that helped bring him into office four years ago in a historic recall election – a chronic budget deficit. The governor entered office facing a $15 billion shortfall in a general fund that spent $79 billion. Avoiding deep spending cuts, Schwarzenegger used a voter-approved, $15 billion bond to plug a hole in a budget he inherited from former Gov. Gray Davis. Increases in tax revenue from a growing economy helped fuel spending since then. Schwarzenegger now faces an estimated shortfall of at least...
  • Governor's boosting his big-spender credentials

    06/03/2007 9:08:31 AM PDT · by NormsRevenge · 10 replies · 403+ views
    San Diego Union - Tribune ^ | 6/3/07 | Ed Mendel
    SACRAMENTO – State spending under Gov. Arnold Schwarzenegger has been growing faster than it did under former Gov. Gray Davis, who was ousted in a historic recall election driven mainly by a huge budget gap. The new state budget proposed by Schwarzenegger would spend $103.8 billion in the general fund, which pays for most programs – an increase of more than 30 percent since he took office, about the same as the boost under Davis. But it took Davis five years to raise spending by about one-third. Schwarzenegger, who was elected in the fall 2003 recall, has done the same...
  • CA: Package of bonds may be too much for state's voters (Let's hope so!)

    09/24/2006 12:34:01 PM PDT · by calcowgirl · 2 replies · 291+ views
    San Diego Union-Tribune ^ | September 24, 2006 | Ed Mendel
    Californians' wariness of new debt is just one problem facing backers SACRAMENTO – After years of criticism about failing to invest in infrastructure, lawmakers now face questions about whether they are trying to do too much. The Legislature and Gov. Arnold Schwarzenegger placed a record $37.3 billion package of public-works bonds on the Nov. 7 ballot for roads, schools, housing and flood control. BIG BONDS The governor and legislative leaders have placed a record bond package on the Nov. 7 ballot: Proposition 1B – $19.9 billion for transportation Proposition 1C – $2.85 billion for housing Proposition 1D – $10.4 billion...
  • CA: Fox vows to address Mexicans' migration - State Legislature hears president's ideas

    05/26/2006 9:48:27 AM PDT · by NormsRevenge · 6 replies · 410+ views
    San Diego Union - Tribune ^ | 5/26/06 | Ed Mendel
    SACRAMENTO – Mexican President Vicente Fox said yesterday that the U.S. Senate vote for sweeping changes in immigration policy is a “monumental step forward” and vowed that his country will continue to improve its economy so Mexicans will have less incentive to cross the border. His remarks to a joint session of the California Legislature drew applause from Democrats, while Republicans largely remained silent as they wore yellow no más lapel buttons – a protest for “no more” illegal immigration. “It is a moment that millions of families have been hoping for,” Fox said of the Senate action. “This is...
  • CA: Analyst: Budget proposal goes in 'wrong direction'

    01/13/2006 8:35:30 AM PST · by NormsRevenge · 2 replies · 195+ views
    San Diego Union - Tribune ^ | 1/13/06 | Ed Mendel
    SACRAMENTO – Gov. Arnold Schwarzenegger's proposed $125.6 billion state budget moves in the "wrong direction" by using a temporary surge in tax revenue to expand programs rather than pay down debt, Legislative Analyst Liz Hill said yesterday. The nonpartisan analyst said the governor's budget would widen a deficit the state has been struggling with for six years, producing a budget gap of $5 billion to $6 billion next year. "Our concern is that we are expanding spending at a time when we have a significant state budget problem," Hill said. "We would urge using more of the unanticipated revenues to...
  • Prop. 76 prompts a fear of cuts

    10/21/2005 9:59:27 AM PDT · by NormsRevenge · 16 replies · 297+ views
    San Diego Union - Tribune ^ | 10/21/05 | Ed Mendel
    SACRAMENTO – A state spending limit backed by Gov. Arnold Schwarzenegger is aimed at avoiding future deficits, but it is not expected to help close the current budget gap and may have no impact on overall spending for years. Here's why: The limit in Proposition 76 on the Nov. 8 ballot is based on how much money the state takes in, and an improving economy is boosting state tax revenue. Simply put, increasing revenues could raise the spending limit. Schwarzenegger's finance department estimates that projected spending would be near the limit next fiscal year, about $2 billion under the limit...
  • CA: Governor can't trim bulge out of budget - General fund spending up 10%; plan goes to vote today

    07/07/2005 8:28:04 AM PDT · by NormsRevenge · 8 replies · 402+ views
    San Diego Union -Tribune ^ | 7/705 | Ed Mendel
    City and county to feel pinch of irony in refund School districts await half-good budget news SACRAMENTO – Gov. Arnold Schwarzenegger, who took office on a promise to control runaway spending, is learning the hard way that getting the state budget under control is not easy. The Legislature is scheduled to vote today on a new budget Schwarzenegger negotiated with legislative leaders that increases general fund spending by 10.3 percent, to $90.1 billion. The first budget that the governor signed last July increased general fund spending by 7 percent. The general fund pays for schools, higher education, health care, prisons...
  • If (CA) voters reject bond, (Props 57 & 58) 'chaos' may NOT ensue!!!

    01/24/2004 9:03:38 AM PST · by SierraWasp · 31 replies · 203+ views
    San Diego Tribune ^ | 01/24/04 | Ed Mendel
    If voters reject bond, 'chaos' may not ensue -------------------------------------------------------------------------------- Davis package would act as fallback if court upholds it By Ed Mendel STAFF WRITER January 24, 2004 SACRAMENTO – Gov. Arnold Schwarzenegger may have a problem as he launches a full-scale campaign to overcome voter skepticism about a $15 billion fiscal-recovery bond measure on the March 2 ballot. It's not entirely clear that voter rejection of Proposition 57 will, as the governor has warned, result in "economic chaos," "Armageddon cuts" in services, or leave no choice but to "drastically increase taxes." If the governor's bond is rejected, the state simply...
  • CA: Property law is a cash cow for Sacramento - Unclaimed assets worth $800 million annually

    06/27/2005 5:14:15 AM PDT · by calcowgirl · 6 replies · 574+ views
    San Diego Union-Tribune ^ | June 27, 2005 | Ed Mendel
    SACRAMENTO – A little-known legal process with a name only a lawyer could love has become a booming business for the state of California, yielding annual revenue that doubled in one year to more than $800 million in each of the last two fiscal years. When the owners of stocks and bonds have had no contact for three years with the banks and corporations holding their valuables, the property is regarded as unclaimed and "escheats" to the state. Search for missing money The state controller's Web site, www.sco.ca.gov, prominently displays a search function that allows residents to enter their names...
  • Governor still making pitch to overhaul pension plans

    06/10/2005 8:17:18 PM PDT · by calcowgirl · 9 replies · 345+ views
    San Diego Union-Tribune ^ | June 10, 2005 | Ed Mendel
    SACRAMENTO – Gov. Arnold Schwarzenegger may have dropped his original plan to overhaul state and local government pension systems, but he continues to warn of a potential San Diego-style meltdown of the state pension funds. The governor said this week that if he can't push a pension overhaul through the Legislature, he will place an initiative on the ballot next June. "We will continue with that, because we have to have pension reform," Schwarzenegger said Monday on a Sacramento radio talk show. "It has a potential of bankrupting the state, as you can see what happens in San Diego –...
  • CA: Governor ends 1st year in a familiar budget strait

    11/14/2004 8:49:09 AM PST · by NormsRevenge · 6 replies · 223+ views
    San Diego Union -Tribune ^ | 11/14/04 | Ed Mendel
    SACRAMENTO – One year after taking office, Gov. Arnold Schwarzenegger has cut taxes, avoided a state cash crisis, improved the business climate and is riding high in the polls. But his bid to become perhaps the biggest reform governor since Hiram Johnson, who nearly a century ago led the drive that allows Californians to vote on laws through the initiative process, has stalled in some cases and not yet begun in others. When the Legislature returns in January, Schwarzenegger will again face an issue that led to the ouster of his predecessor, Gray Davis, in a historic recall election last...
  • CA: Governor puts victory over Indian gaming measures first

    10/22/2004 8:32:20 AM PDT · by NormsRevenge · 1 replies · 255+ views
    San Diego Union-Tribune ^ | 10/22/04 | Ed Mendel
    SACRAMENTO – Gov. Arnold Schwarzenegger has made improving the state's business climate a top priority, but he has not done the same for two business-related measures on the Nov. 2 ballot. The governor has been putting most of his effort into defeating two Indian gaming initiatives that are far behind in the polls, while the business community is hoping for come-from-behind victories on two other measures. One of the measures would curb certain kinds of lawsuits filed against small businesses, and the other would require some businesses to provide health insurance for their employees. A consumer advocate whose group has...
  • CA: Governor, speaker in a clash of budget philosophies

    05/13/2004 9:59:06 PM PDT · by Ernest_at_the_Beach · 8 replies · 125+ views
    The San Diego Union-Tribune ^ | May 13, 2004 | Ed Mendel
    SACRAMENTO – The new Republican governor, Arnold Schwarzenegger, and the new Democratic Assembly speaker, Fabian Núñez, have been conducting a kind of dialogue in the media about their very different views of state budgeting. Schwarzenegger says it's simple: You figure out how much money you have, and then you decide how to divide it among education, health and welfare, and other programs funded by the state. Núñez takes the opposite view: You figure out what you need to spend to maintain a responsible budget, and then you decide where to get the money for the programs. The conflict will heat...
  • Wall Street wary about bonds passed - 38 cities will challenge Prop. 57 repayment plan

    03/04/2004 12:33:13 PM PST · by calcowgirl · 7 replies · 110+ views
    UNION-TRIBUNE STAFF WRITER ^ | March 4, 2004 | Ed Mendel
    SACRAMENTO – While Gov. Arnold Schwarzenegger declared that voter approval of his fiscal ballot propositions means "California is back on track," Wall Street analysts yesterday said it's a mixed blessing that may allow lawmakers to go back to their bad habits. Standard & Poor's, a major credit-rating agency, said the $15 billion bond measure passed Tuesday provides enough additional money to allow lawmakers to postpone painful decisions about spending cuts and tax increases needed to bring the state budget back into balance. Meanwhile, the state's financial picture may become more complicated by a lawsuit to be filed today by 38...
  • CA: Support swells for $15 billion bond

    02/24/2004 12:59:46 PM PST · by calcowgirl · 6 replies · 160+ views
    San Diego Union Tribune ^ | February 24, 2004 | Ed Mendel
    Support swells for $15 billion bond Poll results on Prop. 57 indicate bipartisan campaign is effective Governor gets positive marks in latest survey SACRAMENTO – In a dramatic turnaround, Gov. Arnold Schwarzenegger's $15 billion fiscal-recovery bond measure on next Tuesday's ballot is supported by half the likely voters, up from one-third who backed Proposition 57 last month, according to a new poll. The results of the latest statewide Field Poll suggest the bipartisan campaign by the Republican governor and Democratic state Controller Steve Westly is working. Schwarzenegger and Westly are promoting the bond measure and a companion balanced budget amendment,...
  • CA: Prop. 56 would shift balance of tax power

    02/17/2004 4:24:43 PM PST · by calcowgirl · 4 replies · 175+ views
    San Diego Union Tribune ^ | February 16, 2004 | Ed Mendel
    SACRAMENTO – An initiative on the March 2 ballot would allow Democrats, who have held large legislative majorities in recent years, to pass state budgets and tax increases without getting a single Republican vote. Proposition 56 has been overshadowed by Gov. Arnold Schwarzenegger's drive for two other budget-related measures, a $15 billion fiscal-recovery bond in Proposition 57 and a companion balanced-budget amendment in Proposition 58. The proposal to lower the requirement for passing a state budget and increasing taxes from a two-thirds vote of the Legislature to 55 percent could result in a dramatic long-term power shift between the two...
  • CA: Backup bond plan projected to leave larger budget gap

    02/05/2004 2:07:48 PM PST · by NormsRevenge · 12 replies · 211+ views
    San Diego Union-Tribune ^ | 1/30/04 | Ed Rendel
    SACRAMENTO – If voters reject Gov. Arnold Schwarzenegger's $15 billion fiscal-recovery bond measure in March, his administration said yesterday, a backup bond plan would be smaller than originally thought and would leave a larger budget gap. The governor's top budget aide, Donna Arduin, notified legislators yesterday that the amount of the backup bond, if it survives a court challenge, would drop from $10.7 billion to $8.6 billion. Arduin said the amount of the bond is determined by the deficit at the end of the fiscal year last June, and the deficit has recently been recalculated to be about $2 billion...
  • California: If voters reject bond, 'chaos' may not ensue

    01/24/2004 7:13:59 AM PST · by John Jorsett · 4 replies · 136+ views
    San Diego Union Tribune ^ | January 24, 2004 | Ed Mendel
    SACRAMENTO – Gov. Arnold Schwarzenegger may have a problem as he launches a full-scale campaign to overcome voter skepticism about a $15 billion fiscal-recovery bond measure on the March 2 ballot. It's not entirely clear that voter rejection of Proposition 57 will, as the governor has warned, result in "economic chaos," "Armageddon cuts" in services, or leave no choice but to "drastically increase taxes." If the governor's bond is rejected, the state simply would continue with the budget signed by former Democratic Gov. Gray Davis before he was replaced by Schwarzenegger, a Republican, in an historic recall election last fall....
  • CA: Views differ on how size of Prop. 57 was decided

    02/07/2004 6:40:16 PM PST · by calcowgirl · 1 replies · 48+ views
    San Diego Union Tribune ^ | February 7, 2004 | Ed Mendel
    SACRAMENTO – People may wonder how Gov. Arnold Schwarzenegger decided on $15 billion for the amount of his proposed fiscal-recovery bond measure on the March 2 ballot. The Republican governor routinely says the bond proposal, Proposition 57, is needed to consolidate and refinance the "inherited debt" created by years of overspending under his Democratic predecessor, former Gov. Gray Davis. "So, it's not new borrowing," Schwarzenegger said in an interview on a Los Angles radio station this week. "It's just taking what is already inherited debt, which is $22 billion. We take this bond to refinance it." Voters who have struggled...