Rainy Day Fund Archives - California Globe

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...