State Budget

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A Foster Care Racket

“You will be glad my lord, that I possess such an unsentimental view when I am managing your investments” – Ralph Nickelby in Nicholas Nickleby by Charles Dickens According to the California Children’s Law Center, in 2023 California housed and cared for as many as 60,000 children who, for a ...
California

Wayne Winegarden – Newsom’s May Revised Budget

California is in a deep budget deficit.  In the May Revised budget, Gov. Newsom’s makes real cuts and suggests some efficiency improvements but are they enough?  PRI senior fellow in business and economics Wayne Winegarden unpacks the governor’s plan.  The proposal still relies on too many budget gimmicks and fund ...
California

Read about Gov. Newsom's "May Revise" budget proposal

May Revise sets up California for painful spending choices and tax increases

Giving credit where it is due, Gov. Newsom’s “May Revise” budget proposal recognizes the seriousness of the situation. He proposes real cuts, opposes tax increases, and suggests some efficiency improvements – which are all positive steps. Unfortunately, the proposal still relies on too many budget gimmicks and fund shifts. The Newsom plan also underestimates the severity of the current budget shortfall that must be addressed. Making matters worse, growing economic headwinds, including the tech industry laying off over 81,000 people and California’s subpar personal income growth, raises concerns that the ...
Blog

Should CA pay unemployment to striking workers?

Subsidizing Strikes Is The California Legislature’s Latest Anti-Growth Proposal

Worsens California’s Uncompetitive Business Environment UI benefits are not designed for workers who have voluntarily walked off the job – it is part of the social safety net system designed to help those workers who have become unemployed through no fault of their own. Expanding these benefits to workers who ...
Blog

Read latest on California's budget crisis

Governor Newsom’s Budget Crisis Is Déjà vu All Over Again

When we last updated you on efforts by Gov. Newsom and legislative Democrats to close the state’s $73 billion budget deficit, Senate Democrats had proposed a $17.1 billion plan to “shrink the shortfall” – of which, just 19.3 percent were actual cuts. Just before the Legislature’s summer recess on March ...
Blog

Read our latest State Budget Update

Senate Dem Plan to “Shrink the Shortfall” is Destined to Fail

With California’s budget deficit now surpassing $73 billion according to the latest estimates from the nonpartisan Legislative Analyst’s office, it’s clear that legislators will have to make significant mid-year budget adjustments even before the Governor’s May Revise is released. As PRI has written before, a budget problem of this magnitude ...
Blog

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

A Foster Care Racket

“You will be glad my lord, that I possess such an unsentimental view when I am managing your investments” – Ralph Nickelby in Nicholas Nickleby by Charles Dickens According to the California Children’s Law Center, in 2023 California housed and cared for as many as 60,000 children who, for a ...
California

Wayne Winegarden – Newsom’s May Revised Budget

California is in a deep budget deficit.  In the May Revised budget, Gov. Newsom’s makes real cuts and suggests some efficiency improvements but are they enough?  PRI senior fellow in business and economics Wayne Winegarden unpacks the governor’s plan.  The proposal still relies on too many budget gimmicks and fund ...
California

Read about Gov. Newsom's "May Revise" budget proposal

May Revise sets up California for painful spending choices and tax increases

Giving credit where it is due, Gov. Newsom’s “May Revise” budget proposal recognizes the seriousness of the situation. He proposes real cuts, opposes tax increases, and suggests some efficiency improvements – which are all positive steps. Unfortunately, the proposal still relies on too many budget gimmicks and fund shifts. The Newsom plan also underestimates the severity of the current budget shortfall that must be addressed. Making matters worse, growing economic headwinds, including the tech industry laying off over 81,000 people and California’s subpar personal income growth, raises concerns that the ...
Blog

Should CA pay unemployment to striking workers?

Subsidizing Strikes Is The California Legislature’s Latest Anti-Growth Proposal

Worsens California’s Uncompetitive Business Environment UI benefits are not designed for workers who have voluntarily walked off the job – it is part of the social safety net system designed to help those workers who have become unemployed through no fault of their own. Expanding these benefits to workers who ...
Blog

Read latest on California's budget crisis

Governor Newsom’s Budget Crisis Is Déjà vu All Over Again

When we last updated you on efforts by Gov. Newsom and legislative Democrats to close the state’s $73 billion budget deficit, Senate Democrats had proposed a $17.1 billion plan to “shrink the shortfall” – of which, just 19.3 percent were actual cuts. Just before the Legislature’s summer recess on March ...
Blog

Read our latest State Budget Update

Senate Dem Plan to “Shrink the Shortfall” is Destined to Fail

With California’s budget deficit now surpassing $73 billion according to the latest estimates from the nonpartisan Legislative Analyst’s office, it’s clear that legislators will have to make significant mid-year budget adjustments even before the Governor’s May Revise is released. As PRI has written before, a budget problem of this magnitude ...
Blog

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 ...
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