State Budget
Blog
Newsom’s ‘Sunny California Tale’ Masks Nightmare of Thousands Leaving the State
That splashy headline was based on the U-Haul company’s growth index, which each year “ranks states by their net gain (or loss) of customers who rented a one-way truck, trailer or U-Box® moving containers in one state and dropped off their equipment in another state.” Despite its world-renowned natural beauty, its reputation as ...
Blog
Newsom’s Proposed Ed Budget: Big Spending, Little Results
Under Newsom’s proposed budget, state and local education funding under Proposition 98 would come to $121.4 billion. If one combines funding from all sources, including federal dollars, then the budget would include $149.1 billion in total funding for all TK (transitional kindergarten)-12 education programs. These huge budget amounts translate into ...
California
PRI All Stars Analyze Governor Newsom’s 2026-27 Budget Plan
This week, PRI’s team of policy experts – Wayne Winegarden, Steve Smith, and Lance Izumi – join Tim to analyze Gov. Newsom’s budget priorities and explore whether his final state budget plan is sustainable or if it sets the state on a perilous fiscal course. They also discuss whether Newsom ...
California
Checking the fine print on Newsom’s “donor state” boast
California brags about its donor state status, that is, it forwards more in tax dollars to Washington than it gets back in federal spending. But that’s changed. According to the Rockefeller Institute of Government, California’s balance of payments with the federal government – the net difference between federal revenue collected ...
California
California Looking For ‘Foreign’ Aid
If there were a list of faltering, ineffective and counterproductive programs and projects that California policymakers are bitterly clinging to, the “bullet train” would be at the top. Voters asked for an ambitious high-speed rail that never leaves the state, but California cannot get the job done alone. The rest ...
California
California’s weak job market is a cry for help. Is anyone listening?
California’s job market continues to suffer from largely self-inflicted wounds, despite the fact that the overall economy is growing. In April, Gov. Gavin Newsom projected that California’s economy had grown larger than Japan’s, making it the fourth largest in the world (if it were its own economy, which it’s not). ...
Blog
California’s flawed budgeting causes routine deficits
For years analysts have warned that California’s overreliance on a roller-coaster stock market destabilizes California’s budget. During bull markets, revenues surge and Sacramento politicians commit to an unaffordable level of spending that only becomes evident when revenues inevitably crash. Rather than admitting that the spending was never affordable, the political ...
Blog
Learn about the latest Newsom plan on homelessness
Fixing Years Of Missteps On Homelessness
“There’s nothing compassionate about letting people die on the streets,” Newson said announcing the model ordinance. The plan would make it unlawful to set up camps “for the purpose of sleeping, lying, or sheltering one or more persons for more than three consecutive days or nights in the same location.” ...
Blog
Slowing Consumption Poses an Additional Fiscal Threat to California
The California New Car Dealers Associationnotes that total new vehicle registrations in the state stagnated in 2024 and are expected to decline slightly in 2025. The California Chamber of Commerce reports that tourism, which generated over $12 billion in tax revenue from both international and domestic visitors in 2024, is ...
Blog
Read the latest on California's growing budget problem
Deficits as Far as the Eye Can See
In its Multiyear Budget Outlook, the Legislative Analyst’s Office (LAO) summed up the dire state of California’s fiscal state. According to the LAO, Both our office and the Department of Finance (DOF) project operating deficits ranging from $10 billion to $20 billion over the multiyear period. These shortfalls represent future ...
Newsom’s ‘Sunny California Tale’ Masks Nightmare of Thousands Leaving the State
That splashy headline was based on the U-Haul company’s growth index, which each year “ranks states by their net gain (or loss) of customers who rented a one-way truck, trailer or U-Box® moving containers in one state and dropped off their equipment in another state.” Despite its world-renowned natural beauty, its reputation as ...
Newsom’s Proposed Ed Budget: Big Spending, Little Results
Under Newsom’s proposed budget, state and local education funding under Proposition 98 would come to $121.4 billion. If one combines funding from all sources, including federal dollars, then the budget would include $149.1 billion in total funding for all TK (transitional kindergarten)-12 education programs. These huge budget amounts translate into ...
PRI All Stars Analyze Governor Newsom’s 2026-27 Budget Plan
This week, PRI’s team of policy experts – Wayne Winegarden, Steve Smith, and Lance Izumi – join Tim to analyze Gov. Newsom’s budget priorities and explore whether his final state budget plan is sustainable or if it sets the state on a perilous fiscal course. They also discuss whether Newsom ...
Checking the fine print on Newsom’s “donor state” boast
California brags about its donor state status, that is, it forwards more in tax dollars to Washington than it gets back in federal spending. But that’s changed. According to the Rockefeller Institute of Government, California’s balance of payments with the federal government – the net difference between federal revenue collected ...
California Looking For ‘Foreign’ Aid
If there were a list of faltering, ineffective and counterproductive programs and projects that California policymakers are bitterly clinging to, the “bullet train” would be at the top. Voters asked for an ambitious high-speed rail that never leaves the state, but California cannot get the job done alone. The rest ...
California’s weak job market is a cry for help. Is anyone listening?
California’s job market continues to suffer from largely self-inflicted wounds, despite the fact that the overall economy is growing. In April, Gov. Gavin Newsom projected that California’s economy had grown larger than Japan’s, making it the fourth largest in the world (if it were its own economy, which it’s not). ...
California’s flawed budgeting causes routine deficits
For years analysts have warned that California’s overreliance on a roller-coaster stock market destabilizes California’s budget. During bull markets, revenues surge and Sacramento politicians commit to an unaffordable level of spending that only becomes evident when revenues inevitably crash. Rather than admitting that the spending was never affordable, the political ...
Learn about the latest Newsom plan on homelessness
Fixing Years Of Missteps On Homelessness
“There’s nothing compassionate about letting people die on the streets,” Newson said announcing the model ordinance. The plan would make it unlawful to set up camps “for the purpose of sleeping, lying, or sheltering one or more persons for more than three consecutive days or nights in the same location.” ...
Slowing Consumption Poses an Additional Fiscal Threat to California
The California New Car Dealers Associationnotes that total new vehicle registrations in the state stagnated in 2024 and are expected to decline slightly in 2025. The California Chamber of Commerce reports that tourism, which generated over $12 billion in tax revenue from both international and domestic visitors in 2024, is ...
Read the latest on California's growing budget problem
Deficits as Far as the Eye Can See
In its Multiyear Budget Outlook, the Legislative Analyst’s Office (LAO) summed up the dire state of California’s fiscal state. According to the LAO, Both our office and the Department of Finance (DOF) project operating deficits ranging from $10 billion to $20 billion over the multiyear period. These shortfalls represent future ...
