State Budget
Blog
Notes from Taxifornia
Last week, as millions of Californians filed their tax returns on the delayed July 15 tax deadline, there was good and bad news on the tax increase front in Taxifornia. Split Roll Tax Increase Campaign Based on Class Warfare I wrote last month that how the 2020-21 state budget deal, ...
Blog
Latest Rankings Further Proof California Must Remove Barriers to Opportunity
Recently, I attended a webinar hosted by the Legatum Institute, a UK-based think tank, where they discussed the results of their latest “Prosperity Index”. According to the Index’s executive summary, Legatum hopes that “nations around the world (will) assess their strengths and weaknesses (in the rankings) to determine the economic ...
Blog
Budget Trailer Bills Prove Once Again the “Devil is in the Details”
On Monday, Gov. Newsom announced via press release that he had signed the 2020-21 state budget. Naturally, much of the budget press coverage typically focuses on the debate between the Governor and the Legislature and the total state spending picture. Often overlooked are the budget “trailer bills” – the policy ...
Commentary
Governor Newsom’s Medi-Cal Proposal Betrays California’s Poor
Governor Gavin Newsom just unveiled a new budget proposal aimed at digging California out of a $54 billion deficit brought on by the pandemic. He hopes to slash Medi-Cal payments to healthcare providers and use the money to enroll more people in the program. This week, the Democrat-led state legislature rejected those ...
Blog
Assembly’s Festivus-Style ‘Airing of Grievances’ Does Not Disappoint
In my last blog post, I previewed the Assembly’s unusual “Committee of the Whole” hearing on the state budget, comparing it to Seinfeld’s Festivus “Airing of Grievances.” Little did I know how clairvoyant I really was. Last Tuesday’s five hour session could charitably be called a “gripe fest” as lawmakers ...
Commentary
The Savings Potential Of Biosimilars Is More Urgent Than Ever
It was not long ago that the economy’s rising tide was supporting state budgets across the country. As the Pew Charitable Trusts noted, widespread economic prosperity was supporting tax revenue growth and creating budget surpluses. When times are good, saving money is not always a priority in state capitols. But, times are ...
Blog
First Legislative Budget Hearing on Coronavirus Promises Tough Questions
This afternoon, the Senate Budget Committee will hold its first hearing on the state’s response to the coronavirus. Today’s hearing promises to be memorable for two reasons. It will be the first hearing with “social distancing” practices that have become a way of life enforced. And it also promises to ...
Blog
State Budget Update: Get Ready for the ‘August Revision’
Observers wondering just how different this year’s state budget would be got confirmation this week that the 2020-21 budget will be far different from envisioned in January. In a memo to the Capitol community released on Tuesday, the Assembly Budget Committee acknowledged this new reality: “When we reconvene, we will ...
Blog
How State Budget Will Be Impacted by Coronavirus Coming More into Focus
A clearer picture formed this week about how the coronavirus will affect the state budget, with action in Sacramento and Washington. Director of Finance Keely Bosler sent a letter to lawmakers that the department will “reevaluate all budget changes within the context of a workload budget.” “While our first priority ...
Blog
Legislative Analyst Offers First Hint of Impact of Coronavirus on State Budget
The coronavirus and the massive economic shutdown that has accompanied it as large parts of California are sheltering in place is significantly complicating work on the May Revise of the Gov. Newsom’s budget, due in just weeks. California’s nonpartisan Legislative Analyst Gabriel Petek on Wednesday released his first assessment of ...
Notes from Taxifornia
Last week, as millions of Californians filed their tax returns on the delayed July 15 tax deadline, there was good and bad news on the tax increase front in Taxifornia. Split Roll Tax Increase Campaign Based on Class Warfare I wrote last month that how the 2020-21 state budget deal, ...
Latest Rankings Further Proof California Must Remove Barriers to Opportunity
Recently, I attended a webinar hosted by the Legatum Institute, a UK-based think tank, where they discussed the results of their latest “Prosperity Index”. According to the Index’s executive summary, Legatum hopes that “nations around the world (will) assess their strengths and weaknesses (in the rankings) to determine the economic ...
Budget Trailer Bills Prove Once Again the “Devil is in the Details”
On Monday, Gov. Newsom announced via press release that he had signed the 2020-21 state budget. Naturally, much of the budget press coverage typically focuses on the debate between the Governor and the Legislature and the total state spending picture. Often overlooked are the budget “trailer bills” – the policy ...
Governor Newsom’s Medi-Cal Proposal Betrays California’s Poor
Governor Gavin Newsom just unveiled a new budget proposal aimed at digging California out of a $54 billion deficit brought on by the pandemic. He hopes to slash Medi-Cal payments to healthcare providers and use the money to enroll more people in the program. This week, the Democrat-led state legislature rejected those ...
Assembly’s Festivus-Style ‘Airing of Grievances’ Does Not Disappoint
In my last blog post, I previewed the Assembly’s unusual “Committee of the Whole” hearing on the state budget, comparing it to Seinfeld’s Festivus “Airing of Grievances.” Little did I know how clairvoyant I really was. Last Tuesday’s five hour session could charitably be called a “gripe fest” as lawmakers ...
The Savings Potential Of Biosimilars Is More Urgent Than Ever
It was not long ago that the economy’s rising tide was supporting state budgets across the country. As the Pew Charitable Trusts noted, widespread economic prosperity was supporting tax revenue growth and creating budget surpluses. When times are good, saving money is not always a priority in state capitols. But, times are ...
First Legislative Budget Hearing on Coronavirus Promises Tough Questions
This afternoon, the Senate Budget Committee will hold its first hearing on the state’s response to the coronavirus. Today’s hearing promises to be memorable for two reasons. It will be the first hearing with “social distancing” practices that have become a way of life enforced. And it also promises to ...
State Budget Update: Get Ready for the ‘August Revision’
Observers wondering just how different this year’s state budget would be got confirmation this week that the 2020-21 budget will be far different from envisioned in January. In a memo to the Capitol community released on Tuesday, the Assembly Budget Committee acknowledged this new reality: “When we reconvene, we will ...
How State Budget Will Be Impacted by Coronavirus Coming More into Focus
A clearer picture formed this week about how the coronavirus will affect the state budget, with action in Sacramento and Washington. Director of Finance Keely Bosler sent a letter to lawmakers that the department will “reevaluate all budget changes within the context of a workload budget.” “While our first priority ...
Legislative Analyst Offers First Hint of Impact of Coronavirus on State Budget
The coronavirus and the massive economic shutdown that has accompanied it as large parts of California are sheltering in place is significantly complicating work on the May Revise of the Gov. Newsom’s budget, due in just weeks. California’s nonpartisan Legislative Analyst Gabriel Petek on Wednesday released his first assessment of ...
