It took a little while – almost to the deadline, but California lawmakers passed a budget on time. The $156 billion spending plan sets aside money for paying down the state’s debt; building a financial reserve; and investing in child care and education. But Republicans are criticizing the budget, saying there’s too much spending and it shouldn’t include more money for the state’s high speed rail plan. That bullet train has Los Angeles implications, as do some other items in the budget.
FROM THIS EPISODE
More From LA Observed
Why California's pensions could bankrupt cities, like LA When most people retire, they depend on their savings and Social Security checks to pay the bills. But for local government employees in California, the picture is a bit different. They take advantage of pension plans that dole out checks which often mirror an employee’s salary. But there’s a growing problem with that system: the amount of unfunded liability is on the rise.
LATEST BLOG POSTS
3 reasons why your commute between Ventura and Santa Barbara has gotten even worse It’s been over a month since deadly mudslides washed through Montecito and shut down Highway 101 for weeks. But, even though the highway is now clean, open and back to… Read More
Vote: What should we answer next? We’ve looked at the history of the Nike missile base, found out about the empty land near LAX, and answered many of your marijuana questions. Now you get to vote!… Read More