budget

California News
8:52 am
Fri July 20, 2012

For Stockton, Calif., Bankruptcy 'Freezes Everything'

Originally published on Fri July 20, 2012 9:20 am

Many cities around the country are faced with growing costs and shrinking revenue. Despite making sweeping cuts, Stockton, California recently became the largest city to file for bankruptcy. Host Michel Martin talks with Stockton Mayor Ann Johnston about how she's managing a city that's operating in the red.

Special Report: State Parks
5:44 pm
Tue July 17, 2012

State Park Scrambles as It Faces Two Week Deadline

Benicia State Recreation Area
Capitol Public Radio

It's been a rollercoaster ride for California state parks. A year ago, the Department of Parks and Recreation selected 70 parks to close on July 1st as a result of budget cuts. But operating agreements with private partners have kept 40 of the parks open.

Now it appears all but a handful will stay open, but nobody knows for how long. In the first of a two-part series looking at the state of California's state parks reporter Kathleen Masterson visited one still struggling to stay open.

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Education
8:13 pm
Mon July 16, 2012

CSU Trigger Cut Options: Reduce Enrollment or Increase Tuition

California State University Fresno
Joe Moore Valley Public Radio

Reduced enrollment or a mid-year tuition increase. That’s the choice the California State University could face if voters reject Governor Jerry Brown’s November tax measure.

You’ve heard of trigger cuts. Now, there’s a "trigger on a trigger" – a $150 per semester tuition increase to meet a potential 250 million dollar cut. That’s one proposal CSU Trustees are looking at. The other would reduce enrollment by three percent, or about 6-thousand students. Robert Turnage is with the CSU Chancellor’s office:

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Government & Politics
6:03 pm
Mon July 16, 2012

State budget suspends Brown Act provisions

Local government boards in California are no longer required to post agendas or disclose decisions made in closed sessions. As Amy Quinton reports from Sacramento, the legislature suspended those provisions of the state’s public meeting law in the budget passed last month.

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Valley Public Radio News
5:44 pm
Mon July 16, 2012

CalPERS Investment Return Way Short of Projections

CalPERS barely earned any money at all during the fiscal year that ended June 30th. The nation’s largest public pension fund announced a one-percent return on investment today.

The California Public Employees Retirement System’s one percent return is nowhere near its projection of seven-and-a-half percent. It’s even below the California State Teachers Retirement System, which earned a one-point-eight percent return.

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3:37 pm
Mon July 16, 2012

California bankruptcies spark concern over Fresno's finances

Lead in text: 
Could the City of Fresno follow Stockton, Mammoth Lakes and San Bernadino in declaring bankruptcy? According to Barron's, Wall Street experts remain concerned about Fresno's financial position, thanks to the city's long term labor contracts and limited revenue options. They say the downsides of filing for Chapter 9 protection will likely serve as a deterrent for most cities, but Fresno's case is still a concern.
With three California cities opting to file for bankruptcy protection within the past month, many are worrying this could open the floodgates to more municipal bankruptcies. But Citi strategists say the bankruptcy option still brings enough stigma and costs to deter other troubled cities. Citi notes that the cases of Stockton, San Bernardino and Mammoth [...]
Government & Politics
10:02 am
Thu June 28, 2012

California Governor Jerry Brown Signs Budget

California Governor Jerry Brown has signed a roughly $90 billion spending plan into law for the fiscal year that starts on Sunday. It’s designed to close the state’s $16 billion deficit. The Governor’s signature came just hours before a midnight deadline to sign the main budget bill Democratic lawmakers sent him earlier this month.

It came with little fanfare, and his office did not release any details about his line-item vetoes. The spending plan includes cuts to welfare, social services and more. It also assumes voters will approve Brown’s tax hike on the November ballot.

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Valley Edition
2:34 pm
Tue March 27, 2012

On Valley Edition: City of Fresno Finances; Solar; Off the Front

This week on Valley Edition we talk about the City of Fresno's new "fiscal sustainability plan," and find out what city leaders are doing to avoid bankruptcy. We also hear about efforts to bring solar power to Valley homes, and a new program that aims to help disadvantaged kids and share with them the joy of cycling.

Valley Edition for March 27, 2012:

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Quality of Life
6:10 pm
Tue June 21, 2011

On Quality of Life: California Budget; Chocolate Milk Ban

Segment 1: California's long running budget battle entered a new chapter last week, when Governor Jerry Brown vetoed a budget sent to him by the Democratic controlled Legislature. On this edition of Quality of Life, we talk with Democrat Assembly member Henry T. Perea of Fresno, and Republican Assembly Leader Connie Conway of Tulare about what's next in the budget debate. We also get political analysis on the budget from Professor Jeff Cummins of Fresno State and Nathan W. Monroe of UC Merced.

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Quality of Life
6:21 pm
Tue May 31, 2011

On Quality of Life: CSU Budget Cuts; Job Training

Segment I: California State University Budget Cuts - California's publicly funded state university system, the CSU was once the envy of the nation, providing accessible and affordable higher education to millions of Californians. While the 23 campus system is still the largest in the country, the recent budget crisis has taken its toll. Under Governor Brown's latest "May Revise" budget, the system faces as much a $1 billion budget cut (36 percent) and a potential student fee increase of as much as 32 percent for the coming year. We ask Fresno State President Dr.

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Quality of Life
6:25 pm
Tue May 24, 2011

On Quality of Life: State and National Parks

Part I: National Parks - Central California's National Parks are known worldwide and attract millions of visitors each year. In 2010, over 4 million people visited Yosemite National Park, just short of breaking the park's all-time record. But those visitors bring big city problems with them, from traffic jams, to pollution and safety concerns. This week on Quality of Life, we examine the difficult task of balancing public access with preservation of natural resources, in Yosemite and beyond.

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Government & Politics
5:45 pm
Tue March 1, 2011

Prop 13 casts a long shadow on state, local government

Thirty three years ago, California voters overwhelmingly passed Proposition 13 into law, ushering in a new era of California politics and forever changing state and local government. Not only did the constitutional amendment cut property taxes nearly in half, its implementation also ushered in a major change in the way government services are provided, in the Golden State, centralizing more power in Sacramento. It also helped spark a wave of so called "ballot box budgeting" with citizens taking control of the power of the purse, in both setting tax rates and spending priorities.

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