Legislative Analyst’s Office – Page 2

Will Gov. Gavin Newsom Face a Reckoning with His $73B Deficit in the $330 Billion Budget?

April 9, 2024 12:00 pmApril 10, 2024 7:44 am

When are budget cuts not really budget cuts? When they are in Gov. Gavin Newsom’s budget. California has a budget deficit of $73 billion, the Legislative Analyst’s Office reports. Gov. Newsom claimed the budget deficit was only $30 billion in...

California Budget Deficit Balloons To $73 Billion According to Legislative Analyst

February 20, 2024 6:43 pmFebruary 20, 2024 6:43 pm

According to a new updated revenue forecast report released by the Legislative Analyst’s Office on Tuesday, California’s budget deficit for the 2024-2025 year was increased from the previously estimates of $58 billion and $68 billion to $73 billion. California’s state...

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...

Gov. Gavin Newsom Disappears $30 Billion of the Deficit in New Budget

January 10, 2024 1:47 pmJanuary 10, 2024 1:47 pm

Where did $30 billion of California’s budget deficit go? California Governor Gavin Newsom put on quite a budget show this morning, feigning indignation over the Legislative Analyst’s Office’s recent update on the state’s actual budget deficit, which the LAO put...

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...

Judge: Lawsuit to Block Early Inmate Releases Can Continue

September 7, 2023 8:47 amSeptember 7, 2023 8:47 am

On Friday, September 1, a Sacramento judge rejected California Attorney General Rob Bonta’s attempt to throw out a lawsuit challenging the Newsom Administration’s scheme to grant early release to tens of thousands of prison inmates. The suit, brought by the...

Does the EDD Owe the Feds Another $18 Billion Dollars?

September 2, 2023 7:25 amSeptember 2, 2023 7:25 am

Buried in a state Controller’s Office financial report, there is a rather odd entry: a $17.9 billion dollar “current liability” owed to “other governments.” The Controller’s Office said the $17.9 billion line item refers to “amounts due to the Federal...