Category Archives: State Budget
On Monday, January 10th, Governor Brown released his budget proposal for fiscal year 2011-12. Facing an estimated budget deficit of $25.4 billion, the Governor proposed a combination of drastic spending cuts combined with a 5-year extension of current taxes. Included … Continue reading
California Governor-elect Jerry Brown recently announced he will convene a series of budget forums throughout the state as the new administration prepares to address another budget deficit. The first, scheduled for Wednesday, December 8th, 2010, will begin at 10 am … Continue reading
On October 8th the Legislature passed and the Governor signed the state budget that was due June 30th. Not surprisingly, the Governor used his “blue pencil” authority to reduce some items beyond his agreement with Legislative leaders. The line-item vetoes … Continue reading
Late on Friday, October 1st, the ‘Big Five’, consisting of the Governor and the legislative leaders of both parties, reached a budget agreement to close California’s $19.1 billion deficit. The budget agreement comes 93 days after the deadline to pass … Continue reading
Both the Senate and Assembly held Floor Sessions this morning to discuss Democrat and Republican budget proposals. As expected, none of the proposals garnered enough votes to pass out of the Legislature. Click here to read more about today’s hearings.
Budget Conference Committee Update Senate and Assembly leadership release their plan for balancing the State Budget: It provides for a tax reform package that would generate $1.8 billion in 2010-11 and $3 billion in future years. It proposes to raise … Continue reading