Last week, California Governor Gavin Newsom presented a $297 billion 2023-2024 budget plan on Tuesday, with a projected deficit of $22.5 billion. He shaved $3 billion off his last budget, in the face of a recession, and the $22.5 billion...
Exactly one year ago the Globe reported, “California will have a $31 billion surplus next year,” according to the 2022-2023 California state budget Fiscal Outlook report compiled by the Legislative Analyst’s Office. The tide completely turned in one year. Wednesday,...
Former San Diego Mayor and recall candidate for Governor Kevin Faulconer announced a proposal on Wednesday to drastically cut the state income tax in California. Speaking at a campaign event in the LA suburb of Downey, Faulconer proposed an end...
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...