If Governor Jerry Brown has a backup plan to extending several billion dollars in taxes, he’s not showing it. Not yet, at least. Brown’s revised budget, unveiled at a very lengthy news conference (by gubernatorial standards) on Monday morning marks … Continue reading
Newcomers to California barely get their bags unpacked when someone, somewhere, starts griping about how the state is so big or its citizens so disagreeable that we ought to just crack it up into smaller pieces and go our own … Continue reading
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
July 12, 2007 seemed to be an unremarkable day here in Sacramento. It was a Thursday with a pleasant un-summer-like high temperature of 85 degrees. The budget was almost two weeks late, though that certainly wasn’t surprising. But that day … Continue reading
Summer doesn’t officially end until September 22. But the state’s Summer of Debt — at least from a cash perspective — will end on September 4, according to Controller John Chiang.
A pretty good jab at the folks in the state Capitol came in today from Treasurer Bill Lockyer, a written statement on the deficit negotiations that now seem slower, not faster.
You’re not really surprised that things turned out this way today, are you? Of course, that’s not to say that some parts of today’s budget news weren’t unexpected. And few would venture a guess as to what happens next… though … Continue reading
One of the most often quoted stats about California is that, were we a nation, we’d be the world’s eighth largest economy. But such power can also work in reverse, say economists. And now, there is speculation that whatever ugly … Continue reading
An unsurprising, but still sobering, bit of late afternoon news on the state of California’s finances: Treasurer Bill Lockyer has formally asked the feds to back up the state’s massive borrowing needs over the next few months — essentially a … Continue reading
Treasurer Bill Lockyer says the $4 billion general obligation bond offering became a $6.54 billion offering due to sharp demand, as blogged about yesterday.