budget deficit – Page 2 – California Globe

California Budget Deficit Balloons To $73 Billion According to Legislative Analyst

February 20, 2024 6:43 pmFebruary 20, 2024 6:43 pm

According to a new updated revenue forecast report released by the Legislative Analyst’s Office on Tuesday, California’s budget deficit for the 2024-2025 year was increased from the previously estimates of $58 billion and $68 billion to $73 billion. California’s state...

Gov. Gavin Newsom Disappears $30 Billion of the Deficit in New Budget

January 10, 2024 1:47 pmJanuary 10, 2024 1:47 pm

Where did $30 billion of California’s budget deficit go? California Governor Gavin Newsom put on quite a budget show this morning, feigning indignation over the Legislative Analyst’s Office’s recent update on the state’s actual budget deficit, which the LAO put...

California Budget Deficit Climbs To $68 Billion

December 7, 2023 7:51 pmDecember 7, 2023 7:51 pm

The Legislative Analyst’s Office (LAO) announced on Thursday that the state budget deficit now stands at $68 billion for the 2024-2025 fiscal year, $10 billion higher than initial projections showed earlier this month. California’s state budget has fluctuated wildly in...

Legislative Analyst Reports: California Facing $58 Billion Budget Deficit Over Next Few Years

December 1, 2023 10:39 pmDecember 1, 2023 10:39 pm

According to a new report released by the Legislative Analyst’s Office (LAO) on Friday, California will likely face a budget deficit of $58 billion over the next few years, with massive spending cuts likely to come because of less than...

California Legislature Proposing Unemployment Benefits For Illegal Immigrants

May 16, 2023 4:06 pmMay 17, 2023 3:27 pm

The California Legislature is proposing a program to provide unemployment benefits to illegal immigrants coming to and residing in the state. Senate Bill 277 by State Senator Maria Elena Durazo (D-Los Angeles) proposes income assistance to unemployed “excluded workers” who...

Coyote Parable Spells Out Perfectly What’s So Wrong With California

January 30, 2023 2:09 pmJanuary 30, 2023 2:22 pm

It has been said that the love of truth lies at the root of much humor. Biting, caustic, even sarcastic humor can make us uncomfortable when it points out weakness or odd proclivities. So is humor truth? A friend sent...

Why Did Gov. Newsom Sign Climate Deal With New Zealand?

May 31, 2022 10:33 am

Gov. Gavin Newsom and New Zealand Prime Minister Jacinda Ardern signed a “pledge” Friday agreeing to help fight climate change together by working to put millions more electric vehicles on the road. Why? New Zealand is over 6,700 miles from...