Government & Politics

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Government & Politics
6:21 pm
Mon August 20, 2012

Cal Fire Burning Through Its Budget

Credit Sierra National Forest
A fire burns in the Sierra - file photo

Fire season in California is about half over, but the state has already spent more than two-thirds of its $93 million firefighting budget.

H.D. Palmer is with the California Department of Finance. He says the state is prepared to pay, whatever the cost.

“If we do spend more for fire suppression than is in the budget, that doesn’t mean that the tankers don’t fly, that doesn’t mean the hand crews aren’t out there, that doesn’t mean the trucks don’t show up, we will have emergency appropriation authority to do that.”

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Government & Politics
6:10 pm
Mon August 20, 2012

Business and Labor Groups Aim to Change California's Environmental Law

With just two weeks left in the legislative session, some business and labor groups are pushing to change California's complex environmental review process for building and construction projects.

Jim Earp is with a coalition of construction unions. He says the law gets abused by being used to stall new development.

“It's not always just about how many end up in lawsuits, its, and this is particularly true in public infrastructure projects, how much the delay adds to the cost of that project.”

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Government & Politics
1:10 pm
Mon August 20, 2012

Fresno's Credit Rating Takes Another Hit

Credit Joe Moore / Valley Public Radio

The City of Fresno's precarious financial position is leading to more repercussions in the investment community. On Friday, the firm Standard & Poor's downgraded the city's credit rating from "A" to "BBB." Last month, the two other major credit ratings agencies, Fitch and Moody's issued similar downgrades.

The rating of "BBB" is Standard & Poor's next to lowest "investment grade" rating. The firm also gave Fresno's  financial outlook a "negative" rating, meaning future downgrades are possible. 

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