California budget deficit Archives

Calif. Legislative Analyst ‘Calls Bull’ on Newsom Budget Projections

January 17, 2023 4:45 pmJanuary 19, 2023 4:22 pm

Last week, California Governor Gavin Newsom presented a $297 billion 2023-2024 budget plan on Tuesday, with a projected deficit of $22.5 billion. He shaved $3 billion off his last budget, in the face of a recession, and the $22.5 billion...

‘Your Ass and a Hole in the Ground’ – A Comparative Study

December 14, 2022 2:45 amDecember 13, 2022 8:54 pm

So “Your Ass and a Hole in the Ground” is from David Letterman’s “Top 10 Courses Taken by Basketball Players at UNLV” from decades ago about basketball players take. That nasty great aunt you haven’t talked to in years has finally...

California High Speed Rail: Low Speed Fail

December 11, 2022 2:30 amDecember 12, 2022 2:10 pm

Curiouser and curiouser, said Alice as she grew taller and taller in Wonderland. Curiouser and curiouser, said everyone paying even the slightest attention as the high-speed rail fantasy grew bigger and more expensive and further behind schedule and more incomprehensible...

California’s Questionable Swing from Budget Surplus to Budget Deficit in One Year

November 17, 2022 2:53 pmNovember 18, 2022 3:36 pm

Exactly one year ago the Globe reported, “California will have a $31 billion surplus next year,” according to the 2022-2023 California state budget Fiscal Outlook report compiled by the Legislative Analyst’s Office. The tide completely turned in one year. Wednesday,...

What Else California Could Have Done With the High-Speed Rail Funds

July 25, 2022 2:50 amJuly 24, 2022 7:39 pm

First things first, let’s set some parameters for this article. One – California’s High Speed Rail network is not going to be built. At this point, that’s a given. Two – Even it were to be built and managed to hit...

California’s Electric High Speed Rail: No Power, No Money, No ‘High Speed’

July 22, 2022 2:50 amJuly 23, 2022 4:54 pm

“If it is built, California’s High-Speed Rail would be the largest public works project in state history. That fact alone appears be intoxicating to state officials, in a perpetual quest to have California be the first state to do anything,”...

Gov. Newsom’s State Surplus Found To Be Only $38 Billion In New LAO Report

May 19, 2021 11:33 am

Earlier this week, the California Legislative Analyst’s Office, a non-partisan group within the California state government, found that the state budget surplus is only around $38 billion – half of the $76 billion that Governor Newsom touted in his recent...