LAO – Page 2 – California Globe

Faltering California High-Speed Rail Pushes Private Funding To Fill Massive $7-$11 Billion Funding Gap

April 30, 2025 1:24 pmApril 30, 2025 1:24 pm

California High-Speed Rail Authority CEO Ian Choudri announced Wednesday that he will be pushing the state to start accepting more private funding for the rail project, especially with a $7 billion funding gap set to come into play in mid-2026,...

California High-Speed Rail Needs $7 Billion for Bakersfield to Merced by 2026

March 27, 2025 2:45 amMarch 27, 2025 2:46 am

The California Legislative Analyst’s Office told lawmakers in an Assembly Transportation budget hearing Wednesday that California High-Speed Rail needs $7 billion in funding by June 2026 or else the first Bakersfield to Merced leg of the system could be delayed...

Greenberg: Gavin Newsom’s Budgetary Sleight of Hand

March 25, 2025 2:55 amMarch 25, 2025 2:56 am

Is Gavin Newsom eyeing the White House in 2028? California’s woke poster boy has turned the Golden State into a dystopian mess, and conservatives, independents, and anyone with a shred of common sense would and should torch his candidacy faster...

Can California’s Broken Unemployment Insurance System Be Saved?

December 4, 2024 2:55 amDecember 4, 2024 7:26 am

“The State’s Unemployment Insurance (UI) Financing System Is Broken. The state’s UI program is supposed to be self-sufficient—that is, the system should collect enough funds to pay for benefits over time.” That is the opening paragraph of the Legislative Analyst’s...

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...

Gov. Newsom’s Office Insists Budget is ‘Balanced’ – No Deficit

August 30, 2024 2:55 amAugust 31, 2024 11:58 am

Did you know that Governor Gavin Newsom’s budget is balanced? That the governor’s budget does not have a $55 million to $80 million deficit? Neither did I until Gov. Newsom’s Deputy Director for Rapid Response Brandon Richards (He/Him) contacted the...

Governor Newsom Signs 2024-2025 State Budget

July 1, 2024 5:16 pmJuly 2, 2024 3:51 pm

Governor Gavin Newsom signed the 2024-2025 state budget legislation Saturday, officially putting the new $297.9 billion budget into effect on Monday. The California State Legislature approved the 2024-2025 budget plan on Wednesday night, giving the green light on California spending...