Tag: budget deficit
CA 2025-2026 State Budget Deficit at $2 Billion, Expected To Grow Exponentially
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
“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
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
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
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...
Will Gov. Gavin Newsom Face a Reckoning with His $73B Deficit in the $330 Billion Budget?
When are budget cuts not really budget cuts? When they are in Gov. Gavin Newsom’s budget. California has a budget deficit of $73 billion, the Legislative Analyst’s Office reports. Gov. Newsom claimed the budget deficit was only $30 billion in...