LAO – Page 5 – California Globe

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...

Assembly Subcommittee Rejects Gov. Newsom Proposal to Create/Replace EDD With New Agency

May 6, 2021 2:13 amMay 7, 2021 3:45 pm

The Assembly Budget Subcommittee on State Administration unanimously rejected a proposal by the Governor on Tuesday that would create a new working conditions agency, favoring instead more improvements at the Employment Development Department (EDD). The meeting was the first time...

LAO Study: Statewide Rent Control Prop. Would Cost Cities Tens Of Millions

July 24, 2020 2:09 amJuly 23, 2020 7:10 pm

According to a Legislative Analyst’s Office study made public earlier this week, the ballot initiative expanding rent control, Proposition 21, would lead to more severe repercussions for Californians, including a reduction of available rental units and a drop in housing...

The Failure of School Bond Proposition 13

March 5, 2020 2:13 amMarch 4, 2020 9:19 pm

With all precincts now reporting in, Proposition 13, the bond measure that would have $15 billion go to repairing and modernizing public schools, has failed to pass. Prop 13 fails Voters turned down the measure 56% to 44%, with 2.9...

California’s $7 Billion Surplus – Part I: The Rosier Side of the Surplus

November 21, 2019 4:14 pm

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...

California Republicans Propose Suspending Renewable Energy Mandate to Fund PG&E Infrastructure Upgrades

October 29, 2019 2:45 pmOctober 30, 2019 3:55 pm

Dollars spent on forestry management have been found to do more to reduce carbon than other measures. Two California lawmakers announced they will introduce legislation to help prevent future wildfires and Public Safety Power Shutoffs by PG&E, but Democrats...

Bill to Repeal California Tax Credits = Backdoor Tax Increase

May 29, 2019 2:05 amJune 10, 2019 12:30 pm

The $65.2 billion per year in various California income tax credits, deductions, exemptions, and exclusions, is now being targeted under the guise of “transparency and accountability.” Senate Bill 468 by Sen. Hannah Beth Jackson (D-Santa Barbara), would not only seek...