While Gov. Gavin Newsom and state legislators wrestle with a massive state budget deficit this year, a few blocks from the Capitol another crisis that could have far more impact
It is truly amazing – and not in a good way – that California’s politicians cannot grasp a phenomenon that has plagued state finances for years, known as “volatility.”
Seemingly, California is a deeply blue state in which Democrats hold virtually all of the levers of political power, including all statewide offices and three-fourths of the Legislature’s seats.