Saturday, June 22, 2024

Tag: Rainy Day Fund

Analysis: May Budget Revision Released

Governor Newsom announced his strategy to address an estimated $27.6 billion deficit for the upcoming budget year, and a $28.4 billion projected deficit for...

We’ve Reached Peak Budget

The Legislative Analyst has cried “last call” for the state budget bash. Even as the State Legislature enjoys the prospect of spending record budget surpluses,...

Governor Lays Out Plan for Solving Record State Budget Deficit

Governor Gavin Newsom has proposed solving a record budget deficit by tapping reserves, borrowing money from special funds, deferring spending and raising some targeted...

Legislative Analyst Takes First Look at Coronavirus Impact on State Budget

Economic uncertainty due to the coronavirus (COVID-19) pandemic will create logistical and financial challenges for the state budget, the state Legislative Analyst commented this...

Revenue Boost Calls Into Question Motivation for New Taxes

In Episode 23 of The Workplace, CalChamber President and CEO Allan Zaremberg discusses California’s revenue surge and continued calls for new taxes with longtime...

Robust Budget, Key Programs Rely on Private Sector Success

Taxes continue to pour into the state treasury, like spring snowmelt into Lake Oroville. Thanks to the engine of California’s private economy—the creativity of...

Governor, CalChamber Chair Stress Infrastructure Needs

The need for California to invest in infrastructure to continue advancing was a recurring theme in remarks by Governor Edmund G. Brown Jr. and...

Governor’s Revised Budget Plan Saves Money for Rainy Day; No New Taxes

Last week, Governor Edmund G. Brown Jr. released a revised version of his state budget proposal for 2018–19. The Governor’s final budget continues to...

Governor Calls for Fiscal Prudence with Budget Plan

Governor Edmund G. Brown Jr. this week proposed the final budget of his gubernatorial career, proposing to spend a record $190 billion without raising...

Final Budget Agreement Keeps Lid on New Spending

The Governor and legislative leaders announced on Tuesday, June 13 that they had reached an agreement on a $125 billion budget for the 2017–18...