LAO – Page 4 – California Globe

Only $8.5 Billion Cut From California’s Proposed 2024-2025 Budget

January 10, 2024 6:15 pmJanuary 10, 2024 6:15 pm

Governor Gavin Newsom released his preliminary 2024-2025 state budget on Wednesday, with the total budget amount going down from $330 billion to $291.5 billion. However, in addition to not completely covering the LAO expected deficit of $68 billion, with Governor...

Governor Newsom to Announce 2024-2025 Budget Proposal Wednesday

January 8, 2024 12:14 pmJanuary 9, 2024 8:30 am

Governor Gavin Newsom’s 2024-2025 State Budget proposal is due to be announced no later than Wednesday this week, with many analysts unsure at just how Newsom is planning to tackled the $68 billion deficit facing the state this upcoming fiscal...

California Budget Deficit Climbs To $68 Billion

December 7, 2023 7:51 pmDecember 7, 2023 7:51 pm

The Legislative Analyst’s Office (LAO) announced on Thursday that the state budget deficit now stands at $68 billion for the 2024-2025 fiscal year, $10 billion higher than initial projections showed earlier this month. California’s state budget has fluctuated wildly in...

Legislative Analyst Reports: California Facing $58 Billion Budget Deficit Over Next Few Years

December 1, 2023 10:39 pmDecember 1, 2023 10:39 pm

According to a new report released by the Legislative Analyst’s Office (LAO) on Friday, California will likely face a budget deficit of $58 billion over the next few years, with massive spending cuts likely to come because of less than...

Union Strikes on the Backs of California Taxpayers

September 14, 2023 3:24 pmSeptember 14, 2023 3:24 pm

If unions are not covering their members on strike, then maybe Californians need to ask themselves, “where is that money going?” Union work, the long protected method of employment from the “evil corporate empires.” Depending on your experience, you may...

The Pandemic Wiped Out 3 Million Jobs in California

July 16, 2023 10:01 amJuly 16, 2023 10:02 am

The pandemic wiped out 3 million jobs in California. Then why did the Employment Development Department send out 9 million unemployment benefit debit cards? Since almost all of the cards were sent out in the first 10 months of the...

BREAKING: California EDD ‘Structurally Insolvent’

July 8, 2023 8:26 amJuly 8, 2023 8:44 am

The Unemployment Insurance (UI) trust fund the California Employment Development Department uses to pay benefits is now “structurally insolvent” a new Legislative Analyst’s Office report states. The report – a reaction to the “May Fund Forecast” released by the EDD...