State Budget
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 ...
Blog
Will State Budget Be Victim of Coronavirus?
The uncertainty over the coronavirus has negatively impacted the financial markets. Hit the hardest in the short term have been the travel and hospitality industries – with much talk of layoffs, bankruptcies, and industry bailouts. The Dow Jones and Nasdaq have entered bear territory, falling more than 20 percent in ...
Blog
Bankruptcy Deadline May Not Save PG&E from State Takeover
Reeling from multiple massive state wildfires that its actions likely triggered, Pacific Gas & Electric, or PG&E, filed for Chapter 11 bankruptcy this time last year. The investor-owned utility faces a June 30, 2020 deadline to come up with a plan to come out of bankruptcy, address the estimated $25 ...
Commentary
Gavin Newsom’s single-payer commission is doomed to fail
Last week, Gavin Newsom’s Healthy California for All Commission convened for the first time. The commission has been tasked with figuring out how to install a single-payer healthcare system statewide. The commission’s 13 voting and five non-voting members represent a who’s-who of big-government academics, union leaders, and public health officials. ...
Blog
Coming to a March Primary Ballot Near You – More Ballot Box Budgeting
The March primary election is a month away. While we are already being bombarded with television advertising for the Democratic presidential race, there hasn’t been much discussion of ballot measures. That’s because in 2011, Democrats in the Legislature enacted a law moving all statewide ballot initiatives to the November ballot, ...
California
Adam Andrzejewski – Open the Books
Adam Andrzejewski is the founder of Open the Books, an organization dedicated to transparency in government. Open the Books has been at the forefront of holding state government accountable for how it spends taxpayer money. In California, Governor Newsom’s most recent state budget plan proposed $222 billion in General Fund ...
Blog
California Governor Never Met a Task Force He Didn’t Like
If you were able to make it through California Governor Gavin Newsom’s almost three-hour budget briefing, you’ve probably been following the enormous funding proposals included in the $222.2 billion budget estimate. You can save 167 minute of your time and read the blog post by PRI’s Tim Anaya. Governor Newsom ...
Blog
Taxpayers Exhausted from Newsom’s Marathon Budget Presser
Gov. Newsom’s announcement of his 2020-21 State Budget plan on Friday was another whopper, his speech clocking in at roughly 2 hours and 47 minutes. Last year, reporters who were used to covering a 30 minute press conference where caught off guard by Newsom’s lengthy presentation. Los Angeles Times reporter ...
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 ...
Will State Budget Be Victim of Coronavirus?
The uncertainty over the coronavirus has negatively impacted the financial markets. Hit the hardest in the short term have been the travel and hospitality industries – with much talk of layoffs, bankruptcies, and industry bailouts. The Dow Jones and Nasdaq have entered bear territory, falling more than 20 percent in ...
Bankruptcy Deadline May Not Save PG&E from State Takeover
Reeling from multiple massive state wildfires that its actions likely triggered, Pacific Gas & Electric, or PG&E, filed for Chapter 11 bankruptcy this time last year. The investor-owned utility faces a June 30, 2020 deadline to come up with a plan to come out of bankruptcy, address the estimated $25 ...
Gavin Newsom’s single-payer commission is doomed to fail
Last week, Gavin Newsom’s Healthy California for All Commission convened for the first time. The commission has been tasked with figuring out how to install a single-payer healthcare system statewide. The commission’s 13 voting and five non-voting members represent a who’s-who of big-government academics, union leaders, and public health officials. ...
Coming to a March Primary Ballot Near You – More Ballot Box Budgeting
The March primary election is a month away. While we are already being bombarded with television advertising for the Democratic presidential race, there hasn’t been much discussion of ballot measures. That’s because in 2011, Democrats in the Legislature enacted a law moving all statewide ballot initiatives to the November ballot, ...
Adam Andrzejewski – Open the Books
Adam Andrzejewski is the founder of Open the Books, an organization dedicated to transparency in government. Open the Books has been at the forefront of holding state government accountable for how it spends taxpayer money. In California, Governor Newsom’s most recent state budget plan proposed $222 billion in General Fund ...
California Governor Never Met a Task Force He Didn’t Like
If you were able to make it through California Governor Gavin Newsom’s almost three-hour budget briefing, you’ve probably been following the enormous funding proposals included in the $222.2 billion budget estimate. You can save 167 minute of your time and read the blog post by PRI’s Tim Anaya. Governor Newsom ...
Taxpayers Exhausted from Newsom’s Marathon Budget Presser
Gov. Newsom’s announcement of his 2020-21 State Budget plan on Friday was another whopper, his speech clocking in at roughly 2 hours and 47 minutes. Last year, reporters who were used to covering a 30 minute press conference where caught off guard by Newsom’s lengthy presentation. Los Angeles Times reporter ...
