Huntington Beach city council is set to determine if it will spend $175,000 for a consultant to perform a “classification and compensation” study. The plan seeks to organize all of the city’s job descriptions into logical categories that would enable Huntington Beach to have a fair and effective merit-based employment system, according to a recent staff report. Council will vote…
Huntington Beach Considers Spending $175K on Study of City Jobs
March 12, 2021
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Spending Requirements vs Rising Debt: Liberals’ First Pandemic Budget Anticipated
With the first budget in two years expected to be tabled in the near future, observers are wondering how the government will anchor fiscal policy and approach balancing pandemic spending requirements while taming the skyrocketing federal debt. Allan Tupper, political science professor at the University of British Columbia, says the Trudeau government must balance pandemic…
Hong Kong Government Allocates $1 Billion for National Security Crackdown Without Providing Any Details
On Feb. 24, The Hong Kong government announced a new budget for fiscal year 2021–2022, allocating HK$ 8 billion (US$ 1 billion) for the national security crackdown, despite facing a huge deficit. This is the first time that national security expenditures appeared in the Hong Kong government’s budget, following Beijing putting out and implementing the…
Hong Kong Government Allocates $1 Billion for National Security Budget Without Providing Any Details
On Feb. 24, the Hong Kong government announced a new budget for fiscal year 2021–2022, allocating about $1 billion (HK$8 billion) for national security expenditures, despite facing a huge deficit. This is the first time that national security expenditures appeared in the Hong Kong government’s budget since Beijing implemented the national security law at the…
Laguna Beach’s Unexpected Revenues Help Relieve Budget Pressures
Laguna Beach is reporting better-than-anticipated revenues in its latest budget update, although it warns that its finances will continue to suffer throughout the next fiscal year. During its Feb. 23 financial briefing, the city reported “major revenues are doing better than forecasted.” While the city’s finances are weathering the ongoing COVID-19 pandemic, revenues are likely to…
Senate Democrats Approve Budget Resolution, All Republicans Vote No
The Senate on Friday at the end of a marathon session narrowly approved a budget resolution aimed at ramming through President Joe Biden’s COVID-19 relief bill. The 51–50 vote was only possible because Vice President Kamala Harris used her tie-breaking ability as president of the Senate. Every Democrat senator voted for the resolution and every…
House Passes Budget Resolution to Set up Partisan Vote on CCP Virus Package
The House of Representatives on Wednesday passed a budget resolution that lets Congress pass President Joe Biden’s CCP virus relief package without Republican backing. The 218-212 vote was entirely along party lines, except for two Democrats, Reps. Ed Case (D-Hawaii) and Jared Golden (D-Maine), who sided with Republicans against the resolution. Rep. Ron Wright (R-Texas)…
Homelessness, COVID-19, and Rising Cost of Employees Hurt L.A. Finances
February 1, 2021
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Commentary Los Angeles city controller Ron Galperin has released his office’s annual Comprehensive Annual Financial Report for fiscal year 2020 and provided an update on how things in the current fiscal year. As expected, it’s bad. During fiscal year 2020, the general fund shrank 9.8 percent from $1.1 billion in July 2019 to just $992…
Family Budgeting for a New Year
As the new year approaches, many people see the blank slate as another opportunity to fine-tune their finances. One sure-fire way to do that is to create a budget and stick to it. I asked Rachel Cruze, author, financial expert, and host of “The Rachel Cruze Show,” for her advice for families setting up a…
Japan Sets Record $52 Billion Military Budget With Stealth Jets, Long-Range Missiles
TOKYO—Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power. The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1…
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