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.
“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. “
As part of its mission to provide leadership in jobs creation and strengthening the economy, the California Business Roundtable announced the launch of the California Center for Jobs and the Economy. The Center will provide a comprehensive view of California’s employment picture by region as well by demographics and industry sectors.
“California businesses, residents and elected officials are going to greatly benefit from the creation of the Center for Jobs and the Economy. The factual data that the Center distributes is going to give California the opportunity to assess a variety of aspects of the jobs environment and the economy, ultimately allowing for further understanding of California’s business climate,” stated Tom Conley, Chairman of the California Business Roundtable.
This report provides an updated and expanded view of charter school performance in the United States.
Company: Edison CoCA Net Job Gain/Loss: -730Reason: LayoffCity/Region Losing Jobs: San Clemente, CA
Executive Summary: This is an extremely dynamic time in the California energy industry. Electricity providers are facing new generation, transmission, and distribution infrastructure needs, aggressive renewable energy and emissions goals, and increasingly complex, multifaceted, and multi-jurisdictional policies and regulations, all while striving to maintain reliable and affordable service. Additionally, transportation fuel providers will have to meet stringent carbon intensity limits. As the goals and objectives of these policies and regulations mature from legislation to implementation, they are beginning to introduce additional and potentially substantial costs to the California energy industry.
The California Business Roundtable will unveil its new database on the state’s economy Thursday morning.
Company: JPMorgan ChaseCA Net Job Gain/Loss: -245Reason: LayoffCity/Region Losing Jobs: Irvine, CA
Company: JPMorgan ChaseCA Net Job Gain/Loss: -730Reason: LayoffCity/Region Losing Jobs: San Diego, CA
Company: Laboratory Corporation of AmericaCA Net Job Gain/Loss: -156Reason: LayoffCity/Region Losing Jobs: Irvine, CA
Company: IntuitCA Net Job Gain/Loss: -65Reason: LayoffCity/Region Losing Jobs: Los Angeles, CA
Company: Amazon.com Inc.CA Net Job Gain/Loss: 150Reason: Expand, From Out of StateCity/Region Losing Jobs: Seattle, WACity/Region Gaining Jobs: San Bernardino, CA
Company: San Diego Tourism AuthorityCA Net Job Gain/Loss: -31Reason: LayoffCity/Region Losing Jobs: San Diego, CA
Company: Bank of AmericaCA Net Job Gain/Loss: -543Reason: LayoffCity/Region Losing Jobs: Fresno, CA