budget deficit – California Globe

Greenberg: Gavin Newsom’s Budgetary Sleight of Hand

March 25, 2025 2:55 amMarch 25, 2025 2:56 am

Is Gavin Newsom eyeing the White House in 2028? California’s woke poster boy has turned the Golden State into a dystopian mess, and conservatives, independents, and anyone with a shred of common sense would and should torch his candidacy faster...

LA Times Angles for High-Speed Rail As ‘Jobs’ Program

December 26, 2024 9:40 amDecember 28, 2024 9:23 am

What a train wreck. The Los Angeles Times is touting how California’s high-speed rail project “trains workers and provides thousands of jobs in the Central Valley.” You read that right. They finally admit that it’s just a union jobs program....

CA 2025-2026 State Budget Deficit at $2 Billion, Expected To Grow Exponentially

November 21, 2024 2:45 amNovember 21, 2024 2:46 am

The Legislative Analyst’s Office unveiled the California state budget forecast for the 2025-2026 fiscal year on Wednesday, showing a $2 billion deficit for the year, but with the number expected to grow exponentially if more cuts aren’t made soon. California’s...

California Legislature’s Budget Process Anything but Transparent Says Veteran Tax Fighter

June 13, 2024 9:07 amJune 13, 2024 9:07 am

“Last Wednesday afternoon, Assembly Speaker Robert Rivas and Senate Pro Tem Mike McGuire announced that the two legislative houses had agreed on a budget proposal. Less than 24 hours later, on Thursday morning, the Assembly Budget Committee took up the...

Legislative Analyst and Gov. Newsom Still Disagree on Budget Deficit and Solutions

May 20, 2024 7:51 amMay 20, 2024 7:51 am

The Legislative Analyst’s Office updated spending plan in Gov. Newsom’s revised budget shows a $55 billion budget deficit as opposed to the $27.6 billion figure Newsom presented last week, according to the Legislative Analyst’s Office. The LAO released its latest...

Newsom’s Budget Revisal Proposes 10,000 Vacant State Jobs Being Cut, Cuts To 260 State Programs

May 11, 2024 7:45 amMay 11, 2024 7:45 am

During his May revised 2024-2025 state budget proposal announcement on Friday, Governor Gavin Newsom proposed cutting around 10,000 vacant state jobs, as well as spending to 260 state programs. Back in January, Governor Newsom released his first 2024-2025 state budget...

California’s Red Ink is Negatively Impacting Municipalities Large and Small

April 23, 2024 11:03 amApril 23, 2024 11:03 am

The State of California is hemorrhaging red ink with a massive budget shortfall. The non-partisan Legislative Analyst Office estimates the deficit at $73 billion; Governor Gavin Newsom claims to be optimistic and pegs the shortfall at $38 billion. A gap of $30...