June 16, 2025
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Tag: Gabe Petek

CA 2025-2026 State Budget Deficit at $2 Billion, Expected To Grow Exponentially

November 21, 2024   2:45 amNovember 21, 2024   2:46 am
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...
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Legislative Analyst Warns CA May Face Budget Shortfall as Early as Next Year

May 18, 2022   12:22 pm
The California Legislative Analyst’s Office (LAO) issued a warning on Tuesday that California may be facing a budget shortfall as early as next year due to to the increasingly likelihood of a recession, inflation, and Governor Gavin Newsom’s spending plan...
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Gavin Newsom

Gov. Newsom’s State Surplus Found To Be Only $38 Billion In New LAO Report

May 19, 2021   11:33 am
Earlier this week, the California Legislative Analyst’s Office, a non-partisan group within the California state government, found that the state budget surplus is only around $38 billion – half of the $76 billion that Governor Newsom touted in his recent...
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