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David Crane

Biography: 

David Crane is a lecturer in the Public Policy Program at Stanford University and president of Govern For California. From 2004 – 2010 he served as a special advisor to Governor Arnold Schwarzenegger and from 1979-2003 he was a partner at Babcock & Brown, a financial services company.

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Recent Commentary

Featured CommentaryEurekaAnalysis and Commentary

California Can Reform K–12 And Medi-Cal, Or Face A Future Of Perpetual Tax Hikes

by David Cranevia Eureka
Wednesday, August 21, 2019

Here’s another way to look at the complicated question of California’s commitment to public education in these flush economic times, with some compelling illustration of the state’s finances. And an unsettling conclusion: more and more tax increases will be the Golden State’s fate unless lawmakers get serious about reforming two large portions of California’s budget—K–12 schools and Medi-Cal, which account for more than one-half of California’s General Fund spending.

Analysis and Commentary

It’s Time For Truth In State And Local Government Finances

by George P. Shultz, David Cranevia San Francisco Chronicle
Friday, August 16, 2019

Imagine your business could treat borrowings as revenues, avoid cost recognition by not paying expenses and report less debt than actually owed. Fortunately, accounting for private-sector enterprises doesn’t enable such activities. But accounting for state and local governments does, and with big consequences.

Featured CommentaryAnalysis and Commentary

California Should Address Licensing Reform – And Stop Adding Violins To The String Section

by David Cranevia Eureka
Thursday, January 25, 2018

In 1850 California passed its first professional licensing law requiring foreigners to buy a monthly license to mine gold. During the next hundred years the state so dramatically expanded its licensing regime that by 1950 one in every twenty workers required a license. Today one in five working Californians requires a license from the state government; a recent study found that California is the most broadly licensed state in the nation.

With Retirement Costs Consuming One-Fifth of Discretionary Spending, California Must Reduce Un-Accrued Pension Benefits

by David Cranevia Eureka
Monday, August 20, 2012

Pensions and other retirement costs will consume more than 23% of discretionary state spending in fiscal year 2012-13, according to the budget recently passed by the California State Legislature and signed by Governor Jerry Brown – nearly three times the share taken up by reti