Since I was — according to a story in the Union-Trib several days later — the lone reporter, blogger, and/or hack to have the "unofficial" police report (see the post) from the June 26 Francine Busby fundraisingincident, it is my obligation to update you with the news that, apparently, the story has ended with a Kumbaya….

Dumanis takes a pass on the Busby fundraising imbroglio ENCINITAS — After a nearly two-month investigation, District Attorney Bonnie Dumanis said Tuesday she has decided not to pursue charges against two women who were arrested at a fundraiser for congressional candidate Francine Busby. Read the rest of today’sU-T story.

No, I have no idea whether Dumanis, the… Read More

The Detroit Free Press recently reported that Michigan landed $1.36 billion from the federal government to “spur production of batteries and electric vehicles, far outpacing all other states – including California, which will receive just $15.6 million.” University of Michigan economist Donald Grimes said state tax breaks that lured companies to Michigan were the key factor. That’s great news for Michigan, and bad news (once again) for California.

The tax incentives were "totally driven by the generosity of the governor and the Legislature," Grimes said.

The Michigan Governor, by the way, is Democrat Jennifer Granholm, who said shortly after the 2006 election that tax incentives were needed to address the state’s unemployment rate, then at 7.1 percent. The Michigan Legislature is split between Republican (Senate) and Democrat (House of Representatives) dominance.

Hmmm… when will California Democrats figure out what Michigan leaders already know?… Read More

Much has been made about the mercurial nature of California’s current tax structure – most specifically the fact that a vast percentage of our state’s revenues are heavily reliant on income taxes – especially on those wealthiest Golden State residents. During times of “plenty” – such as the dot com boom, this system brought record amounts of taxpayer dollars into the state treasury. For the past few years, however, with the real estate bust, the collapse of the dot coms, and the country moving into a recession, we’ve seen state tax revenues plummet.

Governor Schwarzenegger signed an Executive Order creating a Commission on the 21st Century Economy – laying out the following mission for this group: “Stabilize state revenues and reduce volatility; Promote the long-term economic prosperity of the state and its citizens; Improve California’s ability to successfully compete with other states and nations for jobs and investments; Reflect principles of sound tax policy… Read More

Texas businessman Tom Hicks points out that Texas was recently noted in The Economist for its many successes, including a low tax burden, tort reform, the state’s $9 billion rainy day fund, a high credit rating by Standard & Poor, and a friendly business climate.

To quote Hicks: “Our state has a special standing not only in the country but also among the nations of the world.”

We used to be able to say that about California. But now, as the article mentions, we are writing IOUs and have received downgrades on our credit ratings. Read more here.… Read More

Much has been made about the mercurial nature of California’s current tax structure – most specifically the fact that a vast percentage of our state’s revenues are heavily reliant on income taxes – especially on those wealthiest Golden State residents. During times of “plenty” – such as the dot com boom, this system brought record amounts of taxpayer dollars into the state treasury. For the past few years, however, with the real estate bust, the collapse of the dot coms, and the country moving into a recession, we’ve seen state tax revenues plummet.

Governor Schwarzenegger signed an Executive Order creating a Commission on the 21st Century Economy – laying out the following mission for this group: “Stabilize state revenues and reduce volatility; Promote the long-term economic prosperity of the state and its citizens; Improve California’s ability to successfully compete with other states and nations for jobs and investments; Reflect principles of sound tax policy… Read More

This just in from State Senator Bob Dutton…

Misguided Logic Drives Dangerous New Prison Plan The California Legislature is considering a dangerous new prison plan under the pretext of solving the state’s prison woes. And in support of this effort, soft-on-crime Democrats are wrongly heralding the recent Chino prison riot as proof why a radical revamp of California’s prison system is necessary. The liberal logic goes… Read More

This just in from the organizers of this Friday’s massive Tea Party rally at the State Capitol… You should plan on attending!

Massive Tea Party Set to Converge on State Capitol Central Valley water issue, Government over-regulation, and AB 32 among topics of protest By Jon Coupal, President of the Howard Jarvis Taxpayers Association This Friday, the masses will converge on the State Capitol in Sacramento.… Read More

The Sacramento Bee trumpeted it as good news that the rating agency Standard and Poor’s chose not to downgrade California’s long term credit rating, but in the same article Standard and Poor’s says the state’s structural deficit is still $15 billion per year. Also in the same article, the Schwarzenegger administration admits the structural deficit is at least $7.4 billion. But wait, just a month ago Schwarzenegger and legislative leaders claimed they had successfully dealt with the entire $26 billion deficit. And the press must have been as tired as the Legislature and Governor when it swallowed this claim. In another story last week, the LA Times reports as good news that Controller Chiang is suspending IOU payments earlier than planned. This seems like good news, but not so fast. The reason the Controller can stop issuing IOUs is not because the state is doing better financially, but because JPMorganChase has agreed to lend the state $1.5 billion dollars. The only… Read More