Stanford Study Finds $135.7B In California Government Pension Liabilities
A Stanford University think tank has found that two dozen local governments in California face a combined $135.7 billion in unfunded pension liabilities.
Watch CBS News
A Stanford University think tank has found that two dozen local governments in California face a combined $135.7 billion in unfunded pension liabilities.
The party swept every statewide office in 2010, has continued to widen its voter registration edge over Republicans and has a chance to gain a two-thirds majority in the state Senate.
It appears increasingly likely that Gov. Jerry Brown will have competition in November when he asks California voters to raise taxes.
Jerry Brown's proposal mandates that public employees pay at least half the cost of their retirement plans.
The board overseeing California's plan to build a $98 billion high-speed rail system chose an appointee of Gov. Jerry Brown on Thursday to take over as its chairman.
It's official: redevelopment is dead in cities across California. San Jose, which identified the funds as its largest tool is being forced to deal with the loss of its once mighty redevelopment agency.
The KCBS and Chronicle Insider says the CTA is backing Gov. Brown's tax plan, but they do have some reservations.
California voters overwhelmingly support Governor Jerry Brown's call for higher taxes to help pay for education.
Mounting costs and skepticism about high speed rail should not dissuade California from connecting all of its major cities with bullet trains, Gov. Jerry Brown said.
Republican lawmakers have failed to override Gov. Jerry Brown's veto of a bill that would have allowed local governments to take over the operations of state parks that are set to close because of budget cuts.
Gov. Jerry Brown is giving Californians a choice between higher taxes and deeper cuts to public schools and other core functions of government in delivering the second State of the State address of his latest term.
The city of Oakland issued layoff notices Wednesday to 2,500 employees to cope with the state's decision to eliminate redevelopment agencies statewide.
City spokeswoman Karen Boyd said the notices will go to employees in every city department except for employees in the police and fire departments, whose contracts bar them from being laid off.
California's nonpartisan budget analyst is giving a more sober projection of tax revenue than the one contained in Gov. Jerry Brown's proposal for the coming fiscal year, mostly because it forecasts less from personal income taxes.
Just a week after Gov. Jerry Brown made his pitch for tax hikes and more spending cuts, the state controller is reporting that California is collecting less revenue than the governor projected.
Dianne Feinstein said she is concerned the state will lose out on federal funding if the leadership is not changed.
California faces a smaller budget deficit in the coming fiscal year but will require nearly $5 billion in cuts to public education if voters reject Gov. Jerry Brown's plan to raise taxes in the fall, the governor said Thursday.
As Governor Jerry Brown enters his second year in office, California's fiscal crisis remains high on his agenda.
The United Nations' top climate change official joined Gov. Jerry Brown in San Francisco for a conference addressing the costs associated with preparing for the effects of a warming world.
Open carry gun activists gathered outside of Concord's Sunvalley Shopping Center Wednesday night in response to an incident a week ago in which police stopped two people carrying unloaded guns as they walked outside a mall restaurant.
A poll shows a majority of likely voters support Gov. Jerry Brown's proposal to increase taxes on the wealthy and raise the statewide sales tax to stave off education cuts.
Gov. Jerry Brown filed a ballot initiative on Monday asking California voters to increase taxes on themselves to generate more money for schools and public safety.
California Gov. Jerry Brown is planning a ballot initiative that asks voters to increase taxes on the wealthy and raise the sales tax by half a cent.
State Department of Justice special agents are suing Gov. Jerry Brown in a bid to block layoffs.
California Governor Jerry Brown outlined his 12-point pension reform plan at a news conference and said it was time to fix a broken system.
