California lawmakers approve $325 billion budget ‘passed on hope’

Dan Walters: California Legislature’s budget proposal digs an even deeper hole

During his annual report on the state’s finances last fall, legislative budget analyst Gabe Petek warned that budget spending was increasing by about 6% a year while revenues were growing by just 4%. “Taken together, we view it as unlikely that revenue growth will be fast enough to catch up to ongoing spending,” Petek said, adding “in the coming years, legislative action could be necessary to close this gap.” Petek’s admonition is falling on dea…

California lawmakers approve $325 billion budget ‘passed on hope’

California Legislature passes budget relying on borrowing, over cuts, to address $12 billion deficit

Hope for the Future — and a Budget to Match

By Derek Timm, Mayor, City of Scotts Valley As I drove down Scotts Valley Drive this week, I smiled seeing all the happy faces of soon-to-be graduating high sc

Legislature approves $325 billion budget ‘passed on hope’

The California Legislature passed a state budget Friday that relies more on borrowing than spending cuts to close a projected $12 billion deficit, aiming to push off difficult decisions about priorities even as that gap is only expected to grow…