Tag Archives: 2010 Budget

Watching the Tax Dollars Come In

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Wednesday 10:49 a.m. update: The last two days since this posting was written have been huge for income tax receipts — almost $1.9 billion in just 48 hours, thus putting the state on a path to possibly exceeding expectations. No … Continue reading »

Schwarzenegger Polishes, Jabs on Budget Legacy

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Arnold Schwarzenegger summoned Capitol reporters this afternoon to discuss a $9.87 billion budget fix he’s asking legislators to approve. But what was much more interesting was Schwarzenegger’s defense– at times, somewhat angry — of his legacy on California’s fiscal woes.

Budget Talk? Yes. Budget Action? Dunno.

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By the end of this week, we’re going to be able to answer two pretty noteworthy questions about the state budget mess: what’s Arnold Schwarzenegger’s final suggested fix, and what’s Jerry Brown’s opening gambit? Those questions are also a clear … Continue reading »

Podcast: Prologue, Epilogue

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It’s an odd time in the political world, waiting for one saga to begin while putting the final touches on the saga that’s just ended. But that’s pretty much where we are on this week’s Capital Notes Podcast — awaiting … Continue reading »

Schwarzenegger's Huzzah, Brown's Huddle

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A glitzy summit of a governor’s environmental achievements. A somber discussion of his successor’s challenges. Such was the contrast of the day spent by Arnold Schwarzenegger and Jerry Brown.

Sell Those Buildings, But At What Cost?

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As soon as next month, 11 office buildings owned and occupied by the state of California will drop the ‘owned’ part of that description, after clearing a major hurdle this morning that critics continue to say is a budget deal … Continue reading »

Schwarzenegger's 28 Day Budget Fix

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Governor Arnold Schwarzenegger has decided to call a special session of the Legislature to deal with the current year budget deficit, but here’s the thing: it’ll be with newly sworn in legislators and just four weeks before Schwarzenegger hands over … Continue reading »

LAO's $25 Billion Bombshell

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You don’t need to read far into today’s sobering assessment of California’s finances from the Legislature’s nonpartisan analysts — a $25.4 billion deficit– to find the kind of tough medicine the state needs, but which no elected official will probably … Continue reading »

Podcast: Burnout and Sizzle

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This week’s Capital Notes Podcast comes a few days late, due to the exhaustion of last week’s marathon ending to Budget Crisis 2010. At least, a temporary ending to the crisis. And so this special Monday edition sifts through the … Continue reading »

Vetoes Mark End to (Another) Ugly Budget

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Governor Arnold Schwarzenegger has wielded the power of his office, and his line item veto, over California’s budget for the last time, a dysfunctional and deficit-plagued process that shaped not only his rise to the state’s highest office but one … Continue reading »