Posts Tagged: lao
Experts Expound
It is shaping up to be a very tough budget year in Sacramento, with the Legislative Analyst’s Office predicting the Golden State could be facing a $68 billion budget shortfall. With that in mind, we posed the following question to our panel of experts and let them expound.
Opinion
OPINION – As both a survivor of violent crime and someone who has had loved ones who are incarcerated, I commend Gov. Gavin Newsom for his bold new vision for California’s most infamous prison, San Quentin. In words and action, his administration is elevating the urgency to make corrective rehabilitation real in California, and creating
Opinion
The Legislature and Governor should utilize the budget process to reconsider whether the current state plan can reasonably achieve 100% broadband availability, in light of the worsening condition of the state budget.
News
Under our outlook, the Legislature would face a budget problem of $25 billion in 2023‑24. (A budget problem—also called a deficit—occurs when resources for the upcoming fiscal year are insufficient to cover the costs of currently authorized services.) The budget problem is mainly attributable to lower revenue estimates, which are lower than budget act projections from 2021‑22 through 2023‑24 by $41 billion.
News
California’s coast could experience sea level rise (SLR) ranging from about half of 1 foot by 2030 up to about 7 feet by 2100. Periodic events like storms and high tides will produce even higher water levels and increase the risk of flooding. Rising seas will also erode coastal cliffs, dunes, and beaches which will affect shorefront structures and recreation.
Opinion
OPINION: It is important that state leaders stay firm on their resolve that PG&E is restructured in a way that both hardens our electrical grid and keeps our commitments to California’s climate and clean energy goals. Right now is no time to walk back on our climate change commitments.
News
As California’s population growth flattens out, the state could lose a congressional seat for the first time in its history. The state’s most recent demographic report shows that California added only 186,807 residents last year, showing a growth rate of .47 percent, the slowest ever.
News
A Wall Street public finance expert who says analyzing California’s fiscal condition was the “defining passion” of his career is the state’s new legislative analyst. He is Gabriel Petek, 47, who until recently was Standard and Poor’s chief credit analyst covering California from an office in San Francisco.
News
California lawmakers are in midst of trying to solve a housing crisis that has spread throughout the state. The state’s Department of Housing and Community Development — an agency that works to expand access to affordable housing — says California has built an average of 80,000 homes a year for the past decade, which is less than half of the 180,000 new homes needed to keep up with the predicted population growth through 2025.
Analysis
ANALYSIS: An independent look at the measure by the Legislative Analyst’s Office, and an examination by the state’s treasurer, describe some scenarios that agree with Brown’s point. But the governor ignores the LAO’s argument that there could conceivably be some costs savings, particularly if Prop 53 forces the state to make better use of existing infrastructure.