A Push for Taxes to Fill the Budget Hole?
Gov. Gavin Newsom did not include a broad tax increase to help balance the state’s budget but that doesn’t mean we will not see attempts by the legislature to raise taxes. Such a big hit to the economy that led to the $54 billion budget problem is not the time to increase taxes. If the […]
Schools, health face deep cuts in California’s $203 billion budget
Gov. Gavin Newsom revised California’s budget down to $203 billion today as the coronavirus pandemic batters the state with record job losses and shortfalls. In charting out a plan to fill a huge deficit, the Democratic governor strategically tied much of the cuts to public health, public safety and public schools to additional federal stimulus […]
California Isn’t Colorado
Recently California joined with Colorado in asking the federal government for more COVID-related financial support for states but the two states have very different needs for the money. California spends $120 per resident — nearly $5 billion per year — on insurance subsidies for retired state employees (known as “OPEB”) while Colorado spends only $5 […]
Newsom pointing finger in the wrong direction for gas prices
California lawmakers are at it again in with more lawsuits in May 2020 against two multinational gasoline firms for allegedly manipulating California’s gas prices and costing consumers more at the pump. Governor Newsom and Attorney General Becerra have short memories as “their own Democratic” lawmakers already killed transparency of pricing at the pump. The Governor […]
Woes: Budget and political
Bill and Sherry explore the immediate and long-term damage caused by Gov. Gavin Newsom’s $54 billion in California state budget cuts–a result of the stubborn coronavirus pandemic. We also look at how President Donald Trump is reacting to the pandemic numbers. Not well, judging from his reaction when reporters ask about them. But he […]