budget surplus – California Globe

Another $170 Million – EDD Faces Fed Debt Interest Hike

February 29, 2024 2:25 pmFebruary 29, 2024 2:25 pm

On January 1, the interest rate the federal government is charging the state on its more than $20 billion unemployment insurance trust fund debt rose from 1.68% to 2.61%. At first blush, that doesn’t look like too much and the...

Pitching Projects for Budget Funding

December 10, 2022 8:39 amDecember 10, 2022 8:44 am

Part of the California budget process, certainly when the State’s General Fund enjoys a surplus of revenues, is for legislators and interested parties to pursue funding for a specific project in California. For example, proponents may desire funding for a...

Will Taxpayers be Robbed (Again) in 2022?

May 25, 2022 2:23 amMay 24, 2022 4:08 pm

And “historic” is the right word for California’s staggering tax windfall. Governor Gavin Newsom recently announced he expects the state to be sitting on a budget surplus of nearly $100 billion this year. That spare mountain of money equals the...

New UC Berkeley Poll Finds Gov. Newsom Losing Ground With Voters

February 15, 2022 2:09 pmApril 3, 2022 3:34 pm

A poll released Tuesday by the UC Berkeley Institute of Governmental Studies shows California Governor Gavin Newsom’s approval rating is sinking across most voter groups. Most Californians won’t be surprised why: continuing COVID restrictions two years in, never-ending mask mandates on...

Leg Analyst Projects California Will Have $31 Billion Budget Surplus Next Year

November 18, 2021 11:43 amNovember 18, 2021 11:43 am

According to the 2022-2023 California state budget Fiscal Outlook report compiled by the Legislative Analyst’s Office (LAO) on Wednesday, California will have a $31 billion surplus next year. This marks the second budget year in a row where a large...

California’s $7 Billion Surplus – Part I: The Rosier Side of the Surplus

November 21, 2019 4:14 pm

The California Legislative Analyst’s Office found that the state will have an extra $7 billion that wasn’t spent in the budget. And by 2021 there can be as much as $18 billion in the state’s general fund. This is a...

Newsom Wants Tax on Water for ‘Safe and Affordable Drinking Water Fund’

January 15, 2019 1:30 amJanuary 14, 2019 8:33 pm

Gov. Gavin Newsom has proposed a tax on drinking water throughout the state to help poor communities in California deal with contaminated water systems. Newsom’s plan to establish a “safe and affordable drinking water fund” is in his budget proposal,...