California’s Fiscal Crisis: Prospects for Deficit Reduction and Pension Reform

California’s dubious ranking as the state with the most foreclosures is matched in its grimness by recent bankruptcy declarations by San Bernardino, Stockton and Mammoth Lakes, continued declines in property and sales tax revenues, and massive unfunded liabilities in public worker pension plans.

To address these issues and a host of intertwined financial concerns, the University of California, Berkeley’s Institute of Governmental Studies (IGS) brought together players in government, labor, finance and public policy for an all-day conference last month, during which they explored “California’s Fiscal Crisis: Prospects for Deficit Reduction and Pension Reform in the Golden State.”

The six panel discussions, available this month on UCTV, include everyone from labor leaders to the chief economist at Moody’s Analytics. These diverse voices examine the severity of the crisis; possible paths to reform; the politics, principles and laws governing municipal financial restructuring;  issues such as outsourcing, public-private partnerships and how to deal with credit markets; and the efficacy of pension reforms, including those just signed into law by Gov. Jerry Brown.

You can find these and other programs at the IGS series page on the UCTV website. Get informed!

 

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One thought on “California’s Fiscal Crisis: Prospects for Deficit Reduction and Pension Reform

  1. UC schools glnlraeey have a better reputation. The professors at UC schools are much more likely to be research focused than the CSUs. Several of the CSU schools have strong reputations as party schools (like SDSU). But it really does depend on what you want to major in. For example, if you want to go into Biology, then you definitely want to try for UCSD, UC Davis, etc. But if you want to go into business, for example, UCSD doesn\’t even have any business majors. So you have to look at each school individually. Be sure to look in your areas of interest, and don\’t just lok at academics. Look at student\’s social lives, and clubs/hobbies you find interesting (for example, most UC schools have very weak or even non-existant sports teams), cost if you can, try to tour the schools and talk to current students.

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