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Tag Archives: 2010CalBudget
Brother, Can You Spare $30 Billion?
The analysis is out and California has another Bad Budget™. Let’s see what’s in this “Let’s Defer to Tomorrow What We Don’t Want to Address Today” piece of cheese: The budget assumes $5.4 billion in federal funds. That seems fine … Continue reading
A Budget Deal Is Reached But…
…No one knows what’s in it. AP and the Sacramento Bee are reporting that a budget deal has been reached. Assembly Republican Leader Martin Garrick (R-Carlsbad) released a statement stating, “Legislative leaders and the Governor have finally reached an agreement … Continue reading
There’s No Budget like California’s Budget…
Ethel Merman sang about how appealing show business is. She wouldn’t be singing about how good California’s budget situation is. There’s basically nothing to report. In theory, there will be negotiations tomorrow (October 1st), but I remain pessimistic. There’s no … Continue reading
Posted in California
Tagged 2010CalBudget
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No Budget Yet
There’s no budget, but negotiations are scheduled to continue tomorrow. This story in the San Jose Mercury leads me to believe we’re still a couple of days away from an agreement, and likely at least a week from a vote. … Continue reading
Budget Framework Reportedly Reached
News reports state that a “framework for a budget deal has been reached” and that the Big Five (Governor Schwarzenegger and the Democratic and Republican legislative leaders) plan on working through the weekend to hammer out the details. The goal … Continue reading
Sacramento Bound
California doesn’t have a budget. When I return home from Sacramento on Sunday, California will not have a budget. It’s probable that when we vote in the mid-term elections in 40 days that California will not have a budget. Why … Continue reading
No Progress in California Budget; May Soon Impact Tax Refunds
There’s nothing new to report on the California budget. The unstoppable force has collided with the immovable object, and nothing’s happening for now. California Controller John Chiang is warning that he will soon be forced to issue registered warrants (aka … Continue reading
Posted in California
Tagged 2010CalBudget
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Did the Governator Go to Mars?
Earlier this week Governor Schwarzenegger told an audience in Silicon Valley, “There’s a good shot that we will have a budget in the next two to three weeks.” The Democrats are proposing an increase in the income tax (and a … Continue reading
It’s Spending, Not Revenues, That’s the Problem in California
The results for California’s first month of the new fiscal year (July, for 2010-2011) are in, and they’re not pretty. “California still lacks a 2010-11 state budget but its deficit is already widening as revenue falls below official forecasts and … Continue reading
Posted in California
Tagged 2010CalBudget
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No Budget in California Budget Situation
I return home from my vacation and it’s as if I’ve never left. There’s no progress in the California budget situation. There have been no talks, and there’s nothing scheduled. The Democrats did unveil a new budget plan last week. … Continue reading