Rainy Day Fund – California Globe

High Stealth Rail: Where Did the Rest of It Go?

March 31, 2024 2:47 amMarch 31, 2024 8:34 am

In 2008 voters passed Proposition 1A, directing the California High-Speed Rail Authority (Authority) to construct an electrified 494-mile-long rail system connecting the mega regions of Los Angeles and San Francisco to the growing cities of the Central Valley. This is...

Gov. Newsom Unveils $227 Billion State Budget Proposal with EDD Fraud Unaddressed

January 8, 2021 6:09 pmJanuary 12, 2021 9:10 am

On Friday Governor Gavin Newsom unveiled his 2021-2022 state budget proposal, totaling for a grand total of $227 billion. According to Governor Newsom, his proposal focuses on five urgent areas for California: COVID-19 vaccinations, reopening schools statewide, wildfire preparation, giving...

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...

Gov. Newsom Touts Largest Tax Revenue Windfall in CA History in Budget, and Highest Spending

May 9, 2019 4:51 pmMay 10, 2019 10:43 pm

“The state is flush, but school districts aren’t. Why isn’t the state allocating more to the kids, cities and counties that are still having a difficult time?” – Sen. John Moorlach Gov. Gavin Newsom released his revised budget Thursday,...

What’s In Gavin Newsom’s 2019 ‘California For All’ Budget

January 11, 2019 5:00 amJanuary 17, 2019 1:04 pm

Self-described policy wonk Gov. Gavin Newsom presented his first Budget Summary 2019-20 Thursday – all 178 pages of it. “Full disclosure, this is something I really enjoy,” Newsom said. Newsom inherited a significant surplus of $15 billion and the...