Focus
California Legislative Analyst
California’s Budget Deficit Swells to $73 Billion, Says Legislative Analyst Report
The new estimate comes after revenue collections in December and January fell short of projections by $24 billion.
Confusion Reigns During California Legislature’s Review of Newsom’s Budget Proposal
Lawmakers said if financial experts are having a hard time understanding the governor’s proposal to close the multi-billion budget gaps, so too are they.
Newsom Says California’s Deficit Is $30 Billion Lower Than Reported, Unveils $292 Billion Budget Plan
While the state’s Legislative Analyst’s Office estimated in December a $68 billion budget deficit, the governor said his office’s calculations showed the total closer to $38 billion.
California Facing Record $68 Billion Deficit, Potential ‘Fiscal Budget Emergency’: Legislative Analyst
Citing a ’severe revenue decline' in the state, analysts anticipate the deficit to accumulate to more than $155 billion over the next five years.
California’s Tax Revenues Fall Short; Multibillion-Dollar Deficit Widening: Legislative Analyst
The decrease in tax collections is second only to the nearly 29 percent drop in 2002 following the dotcom bust, according to state tax collection data.
California’s Budget Now Affordable, Multibillion-Dollar Deficit Resolvable: Legislative Analyst’s Office
With a previously estimated $31 billion deficit, now California’s spending plan for the upcoming year is affordable, according to a recently released budget review by the state’s Legislative Analyst’s Office, which revised earlier estimates and found that the plan will resolve the state’s projected deficit.
