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State Budget – Page 4 – Pacific Research Institute

State Budget

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 ...
California

On brink of recession, Newsom and lawmakers must budget cautiously

Gov. Newsom on Tuesday proposed a roughly $297 billion state budget plan for the 2023-24 fiscal year.  In contrast to last year’s nearly $100 billion surplus, the administration projects $29.5 billion in lower than estimated revenues and a $22.5 billion shortfall. The Newsom spending plan does some good things – including paying ...
Blog

State Budget Update: ‘Nothing to See Here’

Back in 2003, Mohammed Saeed al-Sahaf became a notorious figure in global media for his press statements at the start of the War in Iraq. Declaring that “Baghdad is safe” and “(American) infidels are committing suicide by the hundreds in the gates of Baghdad” as US tanks raced through the ...
Blog

State Budget Update: California Faces $25 Billion Budget Shortfall

When I last wrote about California’s state budget picture, Gov. Newsom was warning in his September veto messages about the state facing lower-than-expected tax revenues in the first months of the new fiscal year, and urging lawmakers to “remain discipline when it comes to spending.” With ongoing inflation and economic ...
Blog

State Budget Update: Newsom’s Vetoes Foreshadow Tough Budget Year Ahead

Gov. Newsom recently completed the bill signing period, issuing his final signatures and vetoes on the final measures from the 2022 legislative session that remained on his desk.   On the campaign trail in recent weeks, Newsom has been touting the California blue state agenda as the way forward for ...
Blog

Despite Sunday Late Night Tax Rebate Deal, Gas Tax Still Going Up

Gov. Gavin Newsom and the Legislature’s Democratic leaders announced Sunday that they had finally reached agreement on a tax rebate plan.  How to give Californians relief from high gas prices and rising inflation had been a key sticking point holding up the budget’s enactment. The unusual release of the plan ...
Blog

No Investigation Needed – Government Energy Policy Fuels Record-High Gas Prices

Angry drivers paying record gas prices this year – surpassing $7 per gallon in parts of California – are demanding action from elected officials to lower gas prices. Surprisingly, Sacramento Democrats have hung onto this scorching hot political potato for months.  Democrat legislative leaders have rejected pleas from Republicans and ...
Blog

Lawmakers Pass a Budget Bill, But No Deal Yet on Gas Price Relief

On Monday, Senate and Assembly Democrats passed their version of the 2022-23 state budget. While patting themselves on the back for adopting “a budget that puts California’s wealth to work for individuals, families, and businesses throughout our state,” there was one thing missing from their announcement – the support of ...
Blog

State Budget Update – Nonpartisan Analyst Says May Revise Puts State on Path to Serious Budget Problems

Now that the calendar page has turned to June, it’s crunch time for lawmakers and the Governor to reach a budget agreement before the June 15 constitutional deadline to pass a balanced budget. However, a new multi-year analysis of the state budget’s picture released last week suggests that enacting the ...
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 ...
California

On brink of recession, Newsom and lawmakers must budget cautiously

Gov. Newsom on Tuesday proposed a roughly $297 billion state budget plan for the 2023-24 fiscal year.  In contrast to last year’s nearly $100 billion surplus, the administration projects $29.5 billion in lower than estimated revenues and a $22.5 billion shortfall. The Newsom spending plan does some good things – including paying ...
Blog

State Budget Update: ‘Nothing to See Here’

Back in 2003, Mohammed Saeed al-Sahaf became a notorious figure in global media for his press statements at the start of the War in Iraq. Declaring that “Baghdad is safe” and “(American) infidels are committing suicide by the hundreds in the gates of Baghdad” as US tanks raced through the ...
Blog

State Budget Update: California Faces $25 Billion Budget Shortfall

When I last wrote about California’s state budget picture, Gov. Newsom was warning in his September veto messages about the state facing lower-than-expected tax revenues in the first months of the new fiscal year, and urging lawmakers to “remain discipline when it comes to spending.” With ongoing inflation and economic ...
Blog

State Budget Update: Newsom’s Vetoes Foreshadow Tough Budget Year Ahead

Gov. Newsom recently completed the bill signing period, issuing his final signatures and vetoes on the final measures from the 2022 legislative session that remained on his desk.   On the campaign trail in recent weeks, Newsom has been touting the California blue state agenda as the way forward for ...
Blog

Despite Sunday Late Night Tax Rebate Deal, Gas Tax Still Going Up

Gov. Gavin Newsom and the Legislature’s Democratic leaders announced Sunday that they had finally reached agreement on a tax rebate plan.  How to give Californians relief from high gas prices and rising inflation had been a key sticking point holding up the budget’s enactment. The unusual release of the plan ...
Blog

No Investigation Needed – Government Energy Policy Fuels Record-High Gas Prices

Angry drivers paying record gas prices this year – surpassing $7 per gallon in parts of California – are demanding action from elected officials to lower gas prices. Surprisingly, Sacramento Democrats have hung onto this scorching hot political potato for months.  Democrat legislative leaders have rejected pleas from Republicans and ...
Blog

Lawmakers Pass a Budget Bill, But No Deal Yet on Gas Price Relief

On Monday, Senate and Assembly Democrats passed their version of the 2022-23 state budget. While patting themselves on the back for adopting “a budget that puts California’s wealth to work for individuals, families, and businesses throughout our state,” there was one thing missing from their announcement – the support of ...
Blog

State Budget Update – Nonpartisan Analyst Says May Revise Puts State on Path to Serious Budget Problems

Now that the calendar page has turned to June, it’s crunch time for lawmakers and the Governor to reach a budget agreement before the June 15 constitutional deadline to pass a balanced budget. However, a new multi-year analysis of the state budget’s picture released last week suggests that enacting the ...
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