Focus
Legislative Analyst's Office
Californians Could Soon Be Driving Electric Vehicles on Bumpy Roads as Gas Tax Revenue Drops
Having some of the worst-ranked roads in the U.S., California’s push for zero-emission vehicles will leave road repair budgets unfunded, analysts say.
California’s Proposed Water Regulations May Be Too Costly, Analysts Warn
The state Legislative Analyst’s Office also said the timeline to implement them ‘may be too aggressive.’
High Interest Rates, Weak Economy to Blame for California’s Budget Deficit: Legislative Analyst
The exodus of high-income earners also has an impact on the declining state tax revenue, Legislative Analyst Gabriel Petek told The Epoch Times.
Newsom Orders Spending Freeze in Light of California’s $68 Billion Deficit
Planned buybacks of accrued vacation and leave time for state workers are also canceled, except for corrections employees.
California Schools, Colleges Faces $19 Billion Budget Deficit: Report
Analysts found that the overall budget deficit could more than double—from $30 billion for fiscal 2022–23 to about $68 billion for 2024–25.
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.
