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State Budget – Page 3 – Pacific Research Institute

State Budget

Blog

How local governments can prepare for a possible recession

A recession is beginning now, according to the June 22 Chapman Economic Forecast Update, the most accurate in the country for GDP prediction. Said President Emeritus Jim Doti at the event, “We’re pointing to a negative change in the third quarter and the fourth quarter and that’s the stuff of ...
Blog

Biden’s Cash Is Merely A Drop in the Bucket of What an All-Renewable Future Needs

President Biden headlined a Palo Alto event this week touting what Gov. Newsom’s office called “new investments in climate action and clean energy.” In between a series of high-priced Bay Area fundraisers for his re-election campaign, Biden, with Newsom by his side, announced “$67 million (in federal funds) to help ...
Blog

City services will get slammed as public pay goes up

Consider these recent increases: University of California Health. In February, unionized medical residents at UC’s six urban medical centers (in Sacramento, San Francisco, Los Angeles, San Diego, Riverside and Orange) were prescribed 16-percent raises over two years. Los Angeles. In April, teachers in the Los Angeles Unified School district went ...
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, ...
Blog

How local governments can prepare for a possible recession

A recession is beginning now, according to the June 22 Chapman Economic Forecast Update, the most accurate in the country for GDP prediction. Said President Emeritus Jim Doti at the event, “We’re pointing to a negative change in the third quarter and the fourth quarter and that’s the stuff of ...
Blog

Biden’s Cash Is Merely A Drop in the Bucket of What an All-Renewable Future Needs

President Biden headlined a Palo Alto event this week touting what Gov. Newsom’s office called “new investments in climate action and clean energy.” In between a series of high-priced Bay Area fundraisers for his re-election campaign, Biden, with Newsom by his side, announced “$67 million (in federal funds) to help ...
Blog

City services will get slammed as public pay goes up

Consider these recent increases: University of California Health. In February, unionized medical residents at UC’s six urban medical centers (in Sacramento, San Francisco, Los Angeles, San Diego, Riverside and Orange) were prescribed 16-percent raises over two years. Los Angeles. In April, teachers in the Los Angeles Unified School district went ...
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, ...
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