Here comes gas shortages and soaring prices. Seventeen percent of California's refinery capacity is scheduled to close by mid-2026. Last week's explosion in El Segundo just knocked out our largest refinery. The state's attempt to nudge people into electric vehicles has stalled. Thanks to the California Air Resources Board, California can't import gasoline from other states. With all this, I'll bet that $7 a gallon gas is in our future. It will be a regressive tax on Californians who can least afford it.
Gov. Mike DeWine's veto of a budget provision prevents GOP legislators from withholding up to $75 million in funding to public universities over compliance with a new higher education law.
A common misconception is that universities can freely tap into their endowments to address financial shortfalls. In reality, a significant portion of endowment assets are legally restricted.