California’s GDP – California Globe

California’s State Budget Reserves Not Enough to Fill Budget Gaps Even in Moderate Downturns

April 20, 2020 11:15 amApril 20, 2020 11:15 am

With California in lockdown since mid-March, most businesses have ground to a halt, which also ground sales tax revenue to a halt. The Public Policy Institute of California just published an article showing that California’s budget reserves aren’t adequate for...

Gov. Newsom’s 2020 Budget, ‘Unprecedented, Historic,’ ‘Once-in-a-Generation’

January 11, 2020 9:30 amJanuary 12, 2020 8:38 am

We’re over ‘California derangement syndrome’ ~Gov. Gavin Newsom Governor Gavin Newsom’s 2020 budget plans to increase overall spending to a historic high of $222 billion. Newsom’s original 2019 budget was $209 billion budget, an $8 billion, four percent increase from...