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Tag Archives | California budget crisis

California budget craters yet again

Manic delusions of new revenue followed by the wet, cold fish of revenue shortfall. The California budget tragi-comedy continues. I could write articles about the ongoing California budget crisis by using cut-and-paste from previous articles because the same thing happens every year. Here’s the scenario. 1) California faces an imminent budget crisis because, by law, a […]

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Jerry Brown and crossing party lines to save California

When Jerry Brown became governor of California in 2011 he disappeared from public view for six months, spending much time talking to Republicans, crossing party lines in an attempt to work out a grand deal on the California budget. It didn’t work. The chasm is too great and the two sides are still very far […]

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California budget crisis: Deficit now astronomical $16 billion

How much longer will California’s pretend-and-extend on the budget continue? Every year it’s the same tiresome fiscal train wreck, but nothing changes. The legislature continues its sleepwalking. No lasting solutions are found. The rot and dysfunction continues and worsens. Californians may be startled to hear that those in other states increasingly view California as a […]

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Oops, Sacramento did it again as budget crisis returns

On November 8, Gov. Brown estimated that the coming California budget deficit would be $3.1 billion, while a leaked legislative memo set it at $5-8 billion. Yet, just a few days later on Nov. 17, the non-partisan Legislative Analyst’s Office said (PDF) the actual number would be $13 billion. I must confess that this Keystone […]

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California’s new budget. Pretend and extend

Jerry Brown promised no gimmicks or bogus accounting on the budget. Instead, that’s precisely what California got. From my latest on CAIVN. Apparently, $4 billion in unexpected new revenue for the State of California materialized out of thin air right in time to be counted for the budget that just passed. But Gov. Brown and […]

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