Industry: Government
News
Oct. 1, 2013
California's State Auditor last week released its updated assessment of high-risk issues that loom over the state, and the failure to keep up with the state's infrastructure needs made the cut.
News
Sept. 30, 2013
"Gov. Jerry Brown has repeatedly pledged to tear down what he calls California's ""wall of debt.""

But Brown's definition of that debt wall - about $30 billion in accumulated deficits from recent state budgets - is less than 10 percent of the debt that state and local governments have amassed, according to a new compilation by the California Taxpayers Association, if one includes unfunded liabilities for public employee pensions.

Cal-Tax researchers counted $443 billion in state and local debts, roughly two-thirds of it carried by the state and the other third by local agencies. That's the equivalent of a fifth of the state's annual economic output and amounts to $11,600 for each of California's 38 million residents. "
News
Sept. 27, 2013
California state and local governments face more than $443 billion in outstanding liabilities from borrowing, deferrals, and other unfunded financial obligations.
News
Sept. 23, 2013
Those in the California transportation infrastructure game are becoming even more worried. The head of the transit advocacy group Transportation California told the Sacramento Business Journal (paywall) that funding the capital region's transportation needs will be increasingly challenging with federal funds drying up and state infrastructure bonds running out soon.
News
Sept. 23, 2013
Those in the California transportation infrastructure game are becoming even more worried. The head of the transit advocacy group Transportation California told the Sacramento Business Journal (paywall) that funding the capital region's transportation needs will be increasingly challenging with federal funds drying up and state infrastructure bonds running out soon.
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