Features by Ben Adler
Posted In: california, Jerry Brown, budget crisis
With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? Do other states have to fear the same thing?
Posted In: Facebook, IPO, california
California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.