State Budget
California
Newsom wisely channels Jerry Brown on state budget
Gov. Gavin Newsom’s just released “May Revise” budget plan is generating criticism from a surprising source — legislative progressives. The Newsom administration projects that the shortfall has grown by $9.3 billion to $31.5 billion. Adding to the problem, California can’t count on a federal bailout and the national economy is ...
Blog
CAPITAL IDEAS: California Diesel Ban: Another Uneconomical Mandate
The California ban-it-all machine, ever in perpetual motion, is abolishing diesel big rigs. On the last Friday in April, the state Air Resources Board voted unanimously to outlaw sales of new diesel trucks by 2036. CARB’s decision also requires large trucking companies to fully transition their fleets to all zero ...
Blog
Read about latest Sacramento overspending
State Budget Update: Lawmakers Propose ‘Old Fashioned Tax and Spend Budget’
With the turning of the page on the calendar to May comes the anticipated arrival of Gov. Gavin Newsom’s “May Revise” budget plan, which should be released around May 10. The May Revise is the governor’s updated budget plan taking into account the state’s latest economic forecasts and cash receipts. ...
Blog
Can Taxpayers Afford New Union Giveaways?
The LAUSD Strike and the State Budget Deficit: Train Wreck Ahead
While coverage of the recent strike by Los Angeles teachers and school staff members has focused on the immediate wage demands of the unions and the impact on students and their families, the bigger and looming issue is how California’s growing state budget deficit could impact any collective bargaining agreement. ...
Blog
Reparation Dollars and Non-Sense
How Much Could You Have to Pay in Reparations?
In 2020, Gov. Newsom signed into law the establishment of the first in the nation task force to propose recommendations to address the history of slavery in the U.S., despite the fact that California joined the union as a “free state.” We’ll save the discussion on the misguided policy of ...
Blog
State Budget Update: Scandal, Calls to Resist Cuts Mask State’s Growing Budget Shortfall
California’s budget problem is growing at an alarming rate. A new report recently released by the nonpartisan Legislative Analyst’s office forecasts, based on updated revenue projections that the stat will face “a large budget problem by about $7 billion” over what Gov. Newsom projects for the 2022-23 and 2023-24 fiscal ...
Blog
They’re Baaack! Sacramento Liberals Once Again Propose a ‘Wealth Tax’
Last week, San Jose Democratic Assemblymember Alex Lee once again proposed a “tax on extreme wealth in California.” Under Assembly Bill 293, “extreme wealth” is defined as “households with net worths of more than $50 million.” If enacted, a 1 percent tax would be applied to wealth over $50 million, ...
California
Shocking! Why California Policymakers Are So Often Caught by Surprise
California is always in the national news and too often for not-so-good reasons. A couple of recent events has left much of the rest of the country wondering how this ever-swaggering state is continually caught off guard. There’s really no mystery here. The answer is obvious. When it was announced ...
California
Cali’s Climate Change Budget Cuts Show Programs Are More About Politics Than Cutting Emissions
Sobered by the reality of a budget deficit, the governor has proposed cutting money for climate programs. It was surely a hard choice, but practical. Something has to go and there’s no better place to show spending discipline than by holding back funds dedicated to a political fantasy. After years ...
Blog
State Budget Update: Budget Deficit Could Be Far Worse Than Initially Thought
While noting that the Newsom plan does some good things like continuing to pay down debt and making modest budget cuts, PRI senior fellow in business and economics Dr. Wayne Winegarden wrote of the proposal in the Orange County Register that, “it avoids some of the tough budget choices these ...
Newsom wisely channels Jerry Brown on state budget
Gov. Gavin Newsom’s just released “May Revise” budget plan is generating criticism from a surprising source — legislative progressives. The Newsom administration projects that the shortfall has grown by $9.3 billion to $31.5 billion. Adding to the problem, California can’t count on a federal bailout and the national economy is ...
CAPITAL IDEAS: California Diesel Ban: Another Uneconomical Mandate
The California ban-it-all machine, ever in perpetual motion, is abolishing diesel big rigs. On the last Friday in April, the state Air Resources Board voted unanimously to outlaw sales of new diesel trucks by 2036. CARB’s decision also requires large trucking companies to fully transition their fleets to all zero ...
Read about latest Sacramento overspending
State Budget Update: Lawmakers Propose ‘Old Fashioned Tax and Spend Budget’
With the turning of the page on the calendar to May comes the anticipated arrival of Gov. Gavin Newsom’s “May Revise” budget plan, which should be released around May 10. The May Revise is the governor’s updated budget plan taking into account the state’s latest economic forecasts and cash receipts. ...
Can Taxpayers Afford New Union Giveaways?
The LAUSD Strike and the State Budget Deficit: Train Wreck Ahead
While coverage of the recent strike by Los Angeles teachers and school staff members has focused on the immediate wage demands of the unions and the impact on students and their families, the bigger and looming issue is how California’s growing state budget deficit could impact any collective bargaining agreement. ...
Reparation Dollars and Non-Sense
How Much Could You Have to Pay in Reparations?
In 2020, Gov. Newsom signed into law the establishment of the first in the nation task force to propose recommendations to address the history of slavery in the U.S., despite the fact that California joined the union as a “free state.” We’ll save the discussion on the misguided policy of ...
State Budget Update: Scandal, Calls to Resist Cuts Mask State’s Growing Budget Shortfall
California’s budget problem is growing at an alarming rate. A new report recently released by the nonpartisan Legislative Analyst’s office forecasts, based on updated revenue projections that the stat will face “a large budget problem by about $7 billion” over what Gov. Newsom projects for the 2022-23 and 2023-24 fiscal ...
They’re Baaack! Sacramento Liberals Once Again Propose a ‘Wealth Tax’
Last week, San Jose Democratic Assemblymember Alex Lee once again proposed a “tax on extreme wealth in California.” Under Assembly Bill 293, “extreme wealth” is defined as “households with net worths of more than $50 million.” If enacted, a 1 percent tax would be applied to wealth over $50 million, ...
Shocking! Why California Policymakers Are So Often Caught by Surprise
California is always in the national news and too often for not-so-good reasons. A couple of recent events has left much of the rest of the country wondering how this ever-swaggering state is continually caught off guard. There’s really no mystery here. The answer is obvious. When it was announced ...
Cali’s Climate Change Budget Cuts Show Programs Are More About Politics Than Cutting Emissions
Sobered by the reality of a budget deficit, the governor has proposed cutting money for climate programs. It was surely a hard choice, but practical. Something has to go and there’s no better place to show spending discipline than by holding back funds dedicated to a political fantasy. After years ...
State Budget Update: Budget Deficit Could Be Far Worse Than Initially Thought
While noting that the Newsom plan does some good things like continuing to pay down debt and making modest budget cuts, PRI senior fellow in business and economics Dr. Wayne Winegarden wrote of the proposal in the Orange County Register that, “it avoids some of the tough budget choices these ...
