State Budget
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Read latest State Budget Update
Newsom’s Budget Plan Sinks in Deficit Quicksand
Gov. Newsom’s budget problems continue to grow worse. After rolling out his $292 billion proposed state budget plan by arguing with the state’s respected independent budget analyst over the size of the deficit, the nonpartisan Legislative Analyst’s Office has more bad news for Newsom about the deficit. On Friday, Newsom’s ...
Blog
Newsom public safety budget shortchanges crime victims
For California’s Crime Victims – Budget Dust
Despite his protestations to the opposite in the recent debate with Governor DeSantis, California’s violent crimes are up 6.1 percent and property crimes are up 6.2 percent over their 2021 levels, making California a crime outlier compared to national crime statistics which have dropped. The Governor’s “Real Public Safety Plan” ...
Blog
Take a deep dive on Gov. Newsom's education budget
Newsom’s Proposed Education Budget: A Recipe for More Disaster
With all the blaring headlines about California’s huge state budget deficit, one would think that education spending, which accounts for around 45 percent of the budget, would take a significant hit. Well, think again. In the 2019-20 fiscal year, which was the last pre-pandemic budget, state General Fund spending for ...
California
The PRI All Stars Respond to Gov. Newsom’s 2024-25 Budget Plan
Listen as PRI’s All Stars – Wayne Winegarden, Lance Izumi, Sally Pipes, and Steve Smith – respond to Gov. Newsom’s much-anticipated 2024-25 state budget plan. They discuss Gov. Newsom’s much lower state budget projection and spending priorities, the budget’s impact on K-12 education, whether the Governor will suspend the controversial ...
Blog
Learn about an important state budget priority
Public Employee Pay Savings Must Be Part of Budget Solution
California’s record $68 billion deficit for the 2024 fiscal year is a national newsmaker. State government isn’t the only administrative body facing a budget shortfall, though. A number of cities are also finding they have insufficient funds. Officials are busy trying out plans to resolve their financial troubles, but balancing ...
Blog
Get a state budget preview
Three things to watch in Governor’s budget rollout
On Wednesday, Gov. Newsom will unveil his much-anticipated 2024-25 state spending plan, officially kicking off the budget debate at the State Capitol. While the state is facing a $68 billion shortfall according to the nonpartisan Legislative Analyst’s office, Newsom said in a December TV interview that, “we have different numbers ...
Blog
Read about California's $68 billion budget crisis
State Budget Update: The Calm Before the Budget Storm
Christmastime is always the busiest time of the year at the Department of Finance. With the state budget due to be released on January 10, department leadership is making the final decisions about spending priorities with the governor. However, recent bad news about the state of California’s finances means that ...
Blog
Get latest state budget update
State Budget Update: Bigger State Budget Deficit on the Horizon?
That’s the fear, as the Sacramento Bee this week reported, in recent filings by state officials in anticipation of a November bond offering. Given that the IRS extended the deadline to file income taxes twice this year due to natural disasters (first to October 16, then again to Nov. 16), ...
Blog
Who are winners and losers of 2023 legislative session?
Progressives Dominate Legislative Session, But Will Newsom Spoil the Party?
Late Thursday evening, the Legislature wrapped up its business for the 2023 legislative session. As bleary-eyed lawmakers travel home today for the fall recess, what is the biggest story of this year’s legislative session? This year’s legislative session will go down as perhaps the most successful legislative session ever for ...
Blog
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Read latest State Budget Update
Newsom’s Budget Plan Sinks in Deficit Quicksand
Gov. Newsom’s budget problems continue to grow worse. After rolling out his $292 billion proposed state budget plan by arguing with the state’s respected independent budget analyst over the size of the deficit, the nonpartisan Legislative Analyst’s Office has more bad news for Newsom about the deficit. On Friday, Newsom’s ...
Newsom public safety budget shortchanges crime victims
For California’s Crime Victims – Budget Dust
Despite his protestations to the opposite in the recent debate with Governor DeSantis, California’s violent crimes are up 6.1 percent and property crimes are up 6.2 percent over their 2021 levels, making California a crime outlier compared to national crime statistics which have dropped. The Governor’s “Real Public Safety Plan” ...
Take a deep dive on Gov. Newsom's education budget
Newsom’s Proposed Education Budget: A Recipe for More Disaster
With all the blaring headlines about California’s huge state budget deficit, one would think that education spending, which accounts for around 45 percent of the budget, would take a significant hit. Well, think again. In the 2019-20 fiscal year, which was the last pre-pandemic budget, state General Fund spending for ...
The PRI All Stars Respond to Gov. Newsom’s 2024-25 Budget Plan
Listen as PRI’s All Stars – Wayne Winegarden, Lance Izumi, Sally Pipes, and Steve Smith – respond to Gov. Newsom’s much-anticipated 2024-25 state budget plan. They discuss Gov. Newsom’s much lower state budget projection and spending priorities, the budget’s impact on K-12 education, whether the Governor will suspend the controversial ...
Learn about an important state budget priority
Public Employee Pay Savings Must Be Part of Budget Solution
California’s record $68 billion deficit for the 2024 fiscal year is a national newsmaker. State government isn’t the only administrative body facing a budget shortfall, though. A number of cities are also finding they have insufficient funds. Officials are busy trying out plans to resolve their financial troubles, but balancing ...
Get a state budget preview
Three things to watch in Governor’s budget rollout
On Wednesday, Gov. Newsom will unveil his much-anticipated 2024-25 state spending plan, officially kicking off the budget debate at the State Capitol. While the state is facing a $68 billion shortfall according to the nonpartisan Legislative Analyst’s office, Newsom said in a December TV interview that, “we have different numbers ...
Read about California's $68 billion budget crisis
State Budget Update: The Calm Before the Budget Storm
Christmastime is always the busiest time of the year at the Department of Finance. With the state budget due to be released on January 10, department leadership is making the final decisions about spending priorities with the governor. However, recent bad news about the state of California’s finances means that ...
Get latest state budget update
State Budget Update: Bigger State Budget Deficit on the Horizon?
That’s the fear, as the Sacramento Bee this week reported, in recent filings by state officials in anticipation of a November bond offering. Given that the IRS extended the deadline to file income taxes twice this year due to natural disasters (first to October 16, then again to Nov. 16), ...
Who are winners and losers of 2023 legislative session?
Progressives Dominate Legislative Session, But Will Newsom Spoil the Party?
Late Thursday evening, the Legislature wrapped up its business for the 2023 legislative session. As bleary-eyed lawmakers travel home today for the fall recess, what is the biggest story of this year’s legislative session? This year’s legislative session will go down as perhaps the most successful legislative session ever for ...
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
