Posts Tagged: $54 billion

Now’s the time: Fair access to water, reliable supply, good jobs

The Thermalito Power Canal in Oroville, Butte County. (Photo: Sundry Photography, via Shutterstock)

by BRUCE REZNIK posted 08.25.2022

OPINION: California is flush with cash and staring down a thirsty future. According to the EPA Needs Survey and Assessment, our state needs $50 billion in infrastructure improvements to ensure safe drinking water for everyone. Our unprecedented state budget surplus and drought-induced water use restrictions make it clear: Now is our chance to modernize our water systems, and we must act with urgency.

LAO: Virus’ fiscal impact lower than governor’s estimate

State Capitol in Sacramento. (Photo: Brandon Bourdages, via Shutterstock)

by LEGISLATIVE ANALYST'S OFFICE posted 05.08.2020

Ultimately, the May Revision will include different revenue estimates and expenditure proposals than we used to arrive at our assessment of the budget problem. In fact, the administration very recently released an estimate of the budget problem—about $54 billion—that is significantly higher than either of our estimates.