Legislative Analyst’s Office – Page 5

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...

Legislative Analyst Warns California Can’t Afford Gov. Newsom’s 2023-24 Budget

May 24, 2023 12:42 pmMay 24, 2023 12:42 pm

The Legislative Analyst’s Office (LAO), the California Legislature’s nonpartisan fiscal and policy advisor, announced on Tuesday that the state would unlikely be able to afford the May revisions to the 2023-2024 budget as proposed by Governor Gavin Newsom, and that...

California Did NOT Default on its Federal Unemployment Debt

May 11, 2023 5:00 amMay 11, 2023 7:54 am

While Governor Newsom and the legislature’s decision to foist the re-payment of a federal debt caused by the laughably destructive EDD onto the backs of California businesses remains unconscionable, recent reports that the state is “defaulting” on the debt are...

Calif. Legislative Analyst ‘Calls Bull’ on Newsom Budget Projections

January 17, 2023 4:45 pmJanuary 19, 2023 4:22 pm

Last week, California Governor Gavin Newsom presented a $297 billion 2023-2024 budget plan on Tuesday, with a projected deficit of $22.5 billion. He shaved $3 billion off his last budget, in the face of a recession, and the $22.5 billion...

California State Assembly nearly empty except for a few folks in the balcony.

Commission on State Mandates Reports to the California Legislature

November 30, 2022 6:25 amNovember 30, 2022 6:29 am

Article 3 of Chapter 4 of Part 7 of Division 4 of Title 2 of the California Government Code concerns reports to the Legislature by the Commission on State Mandates (CSM). Government Code Section 17600 requires, at least twice each...

California Facing $25 Billion Budget Shortfall Next Year

November 16, 2022 4:46 pmNovember 17, 2022 8:19 pm

A Legislative Analyst’s Office report released on Wednesday found that California revenue is $41 billion below expectations, likely resulting in a massive $25 billion shortfall in the upcoming 2023-2024 state budget. The LAO recommends lawmakers start cutting the budget when...

Biden Energy Secretary Granholm to Visit So Cal to Tour Electric Truck Dealership During Heat Wave

August 31, 2022 2:52 pmAugust 31, 2022 2:58 pm

Thursday and Friday U.S. Secretary of Energy Jennifer M. Granholm will travel to Southern California to tour the site of one of the first electrified truck dealerships in America. Secretary Granholm just happens to be visiting California during such an “extreme...