In the upper levels of California government, Mac Taylor is indeed a rarity – he’s nonpartisan.
As the Legislative Analyst – he’s only the fifth one since the office was created 72 years ago – Taylor is the taxpayers’ watchdog over budget and ballot measures and their potential costs. He is the Legislature’s nonpartisan
What if a corporation raised $500 million in a securities offering on the premise that the proceeds would go for operating expenses, then disclosed a few months later that $300 million of this amount would instead be used to service a debt that wasn’t disclosed in the offering document?
This would be false advertising,
The $130 billion budget Gov. Jerry Brown will unveil Thursday will largely be a yawner. Relatively speaking anyway.
There’ll be no deluge of doom-and-gloom denunciations over the draconian measures the Democratic governor proposes as there were two years ago when the state faced an estimated $26.6 billion gap between revenues and spending commitments.
Gov. Brown pushed through legislation that cuts and caps public pensions for new employees, making a fix-it-to-save-it argument while bypassing the bargaining usually demanded by his labor allies for benefit changes.
Voters needed assurance the governor’s tax hike on the November ballot would not be eaten up by pension costs, and inaction might fuel