California Budget Archives - Page 4 of 6

What Does the ‘Taxpayer Protection’ Gann Limit Provide?

May 17, 2021 2:29 amMay 17, 2021 3:31 pm

There has been mention in the news recently of the “Gann Limit” and its impact on the California budget. The Gann Limit was enacted by Proposition 4, which was a measure adopted by the voters on the November 6, 1979...

Voters Know CA Gov. Gavin Newsom’s Troubles Began Before Pandemic

March 14, 2021 4:03 pmMarch 14, 2021 4:32 pm

A more contrite-sounding California Gov. Gavin Newsom is now acknowledging some of his mistakes in the handling of the coronavirus pandemic, however, he still doesn’t understand that it’s much more than the pandemic snafus that are fueling the RecallGavin2020 movement....

Tom Steyer Selling San Francisco Home Because of ‘Climate Crisis’

September 26, 2020 9:15 amSeptember 26, 2020 10:56 am

“Billionaire environmental activist and former presidential candidate Tom Steyer is selling a couple of homes in his portfolio. Last month, he parted with a Lake Tahoe home for $2.8 million, and now he is putting his longtime family home in...

Overview of California’s Department of Finance

July 9, 2020 11:10 amJuly 9, 2020 11:17 am

The Governor’s Department of Finance (DOF), similar to the federal Office of Management and Budget (OMB), serves as the Governor’s chief fiscal policy advisor, and their employees work on issues and programs that are of concern to the Governor, the...

California’s Balanced Budget Requirement

June 12, 2020 7:09 amJune 12, 2020 7:16 am

Does California have to adopt a “balanced budget”? The short answer is yes. But there are several interesting aspects to this requirement. Existing provisions of the California Constitution were interpreted to require a balanced budget. For example, Article IV, Section...

California Senate Reconvenes After Almost Two Months

May 11, 2020 2:17 pm

On Monday, the state Senate reopened in Sacramento, bringing together the full legislature under one roof for the first time since mid-March. Senators can still choose to attend remotely if they so wish through the SR 86 resolution. SR 86...

Is This the End of the World for California’s Budget?

May 8, 2020 8:05 amMay 8, 2020 8:32 am

California Governor Gavin Newsom just announced a $54 billion budget gap. That’s a two-year number comparable to the $60 billion gap that Gov. Arnold Schwarzenegger “solved” in 2009-2010. It represents about 26 percent of the total revenue projected for 2020-2021 in the budget released...