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 California's
State Budget Crisis
Coverage of the California Budget Crisis
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State Budget: Governor
Presents Undated "Rebuilding California" Plan that Contains No New Taxes
as reported in Caltaxletter,
May 20, 2005.
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No Budget: What's
Holding it Up? as reported in Caltaxletter, July
16, 2004.
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Budget: Schwarzenegger
Optimistic for Quick "Handshake" Agreement
as reported in Caltaxletter, July
2, 2004.
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Budget Update:
Expectations of Timely Action as reported in
Caltaxletter, June 25, 2004.
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Schwarzenegger: No Tax
Increases; Leaves Door Open for Closing So-Called "Loopholes"
as reported in Caltaxletter, June 18, 2004.
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Budget Update:
Democrats Try to Torpedo Schwarzenegger Budget Pacts with Local
Government and Higher Education
as reported in Caltaxletter, June
11, 2004.
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Budget Update:
Without Floor Debate in Either House, Conferees Open Hearings: Seek
Study on Independent Contractor Withholding as reported
in Caltaxletter, June 4, 2004.
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Budget Update: LAO Warns of Continuing Structural Imbalance
as reported in Caltaxletter, May 21, 2004.
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May Revise Reflects
Moderate Economic Growth for a No-New Taxes State Budget for 2004-05
as reported in Caltaxletter, May 14, 2004.
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Budget Update:
Schwarzenegger Will Not Raise Taxes as reported in
Caltaxletter, May 7, 2004.
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Budget Update:
Governor Reported Wary of Revenue Windfall; BOE and FTB Do Well at
Budget Hearings as reported in Caltaxletter, April
30, 2004.
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Schwarzenegger
Moves on Budget Fronts as reported in Caltaxletter,
April 23, 2004.
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Budget Update:
Early Bond Sale; Tax Revenues are Up in March: Medi-Cal Co-Payments are
Considered as reported in Caltaxletter, April 16,
2004.
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Budget Update:
Schwarzenegger and Taxes, as reported in Caltaxletter,
April 2, 2004.
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Budget Update:
Passing the 2004-05 Budget Will Soon Be Center of Attention,
as reported in Caltaxletter, March 26, 2004.
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Budget Update:
Governor Meets with County Leaders; Assembly Panel Seeks Accountability
for Overspending the State's Budget for Prisons, as
reported in Caltaxletter, March 19, 2004.
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Budget Update:
Demos Still Hold Out Hope for Higher Taxes, as reported
in Caltaxletter, March 12, 2004.
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Budget Update: LAO
Pushes Tax Hike on Gasoline; Fees and Reduced Taxpayer Services at Tax
Agencies, as reported in Caltaxletter, February
20, 2004.
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Assembly Speaker Nunez says Real Budget Cuts Must Precede Call for
Higher Taxes; Assembly Demos Reportedly Agree on Some Spending Cuts,
as reported in Caltaxletter,
February 13, 2004.
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Democrats Hostile to Mid-Year Cuts in Initial Budget Hearings,
as reported in Caltaxletter,
February 6, 2004.
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Budget Update:
Bipartisan Campaign is Six-Week Media Blitz for Recovery Bond and
Balanced Budget Amendment, as reported in Caltaxletter,
January 23, 3004.
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Schwarzenegger
Budget Plan is Loaded with Reforms, No New Taxes and Faith in California
Voters, as reported in Caltaxletter, January 16,
2004.
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Governor
Schwarzenegger Calls Better Business Climate – Jobs, Not Higher Taxes –
Key to California Recovery, as reported in
Caltaxletter, January 9, 2004.
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Governor's
Recovery Plan Wins Legislature's Approval for March Ballot; Emergency
Action Bypasses Balking Legislators to Rescue Local Governments
as reported in Caltaxletter, December 19, 2003.
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Schwarzenegger
Pushes Budget Recovery Plan Against Deadline to Put It Before Voters in
March as reported in Caltaxletter, December 5,
2003.
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Legislative
Analyst Pegs 2004-05 Budget Problem at $17.8 Billion as
reported in Caltaxletter, November 14, 2003.
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Governor's Tough Task: Finding the Waste to Cut.
Budget Can be Shrunk -- But by $10 Billion? by Robert
Salladay from the San Francisco Chronicle, November 27, 2003.
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Balanced Budget
Blowing to Bits? as reported in Caltaxletter, October 3,
2003.
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Can California's Money Mess Be Fixed?
by Dennis Cauchon from USA TODAY, October 1, 2003.
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State Budget:
Picking Up the Pieces and Cutting Deals with Unions as
reported in Caltaxletter, September 12, 2003.
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Budget Still
Unfinished as Senate Holds Up Trailer Bills as reported
in Caltaxletter, August 29, 2003.
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It's Not Really a Bond Debt, State Says
by Kathleen Pender from the San Francisco Chronicle, August 10,
2003.
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LAO Report:
Major Features of the 2003 California Budget
The budget package, as passed by the Legislature, authorizes total
spending of $98.9 billion. Of this amount, $70.8 billion is from the
General Fund, $20.5 billion is from special funds, and $7.5 billion from
bond funds. It addresses an enormous General Fund shortfall through a
combination of program savings, borrowing, new revenues, funding shifts,
and deferrals. (30 pp.)
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Budget: Assembly
Passes Overdue $100 Billion Budget in Marathon Session; Plan Papers Over
Much of the Deficit as reported in Caltaxletter,
August 1, 2003.
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Senate Leaders
Agree on Budget; Assembly Reaction Uncertain as reported
in Caltaxletter, July 25, 2003.
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Senate Republicans
Prepare Deeper Spending Cuts in Effort to Break Budget Stalemate
as reported in Caltaxletter, July 11, 2003.
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Budget Crisis:
Stalemate Hardens As Hope Fades For Timely Action as
reported in Caltaxletter, June 27, 2003.
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Bad Moves, Not Economy, Behind Busted State
Budgets: Governors, Legislators Failed to Act Quickly When Boom Began to
Fade, Analysis Finds by Paul Overberg from USA Today,
June 23, 2003.
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Budget: Car Tax
Debate Heats Up; Two Moderates Offer Tax-and-Cut Plan as
reported in Caltaxletter, June 20, 2003.
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Efforts to Pass
Budget by June 15 are Futile as Democrats Pad Spending; Republicans Hold
Fast Against Higher Taxes as reported in Caltaxletter,
June 13, 2003.
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Budget Crisis:
Democrats Solicit Business Input as reported in
Caltaxletter, June 6, 2003.
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Budget Crisis: It's Not Getting Better as
Conference Committee Process Looms as reported in
Caltaxletter, May 30, 2003.
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Budget Crisis:
Debate Over Taxes Heats Up as reported in Caltaxletter,
May 23, 2003.
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Revised State
Budget: More Spending, More Borrowing -- and a Big Increase in the Car
Tax as reported in Caltaxletter, May 16, 2003.
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Davis Administration
Floats Plan for Bonds and Taxes as Date Nears for Fresh Economic
Forecast and Revised State Budget Proposal as reported in
Caltaxletter, May 9, 2003.
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Budget: Court Rules
on Pay Issue as Legislators Approve Pension Payment Bonds, Putting Dent
in the Deficit as reported in Caltaxletter, May 2,
2003.
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Budget Crisis:
Republicans Reject Democrats $6 Billion Offer; Seek More Cuts
as reported in Caltaxletter, April 25, 2003.
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New Fees May Skirt Tax Vote by Evan
Halper from the Los Angeles Times, April 23, 2003.
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Swarm of State Fees Proposed. Consumers to Feel Sting of Attempt to
Reduce Huge Deficit by Robert Salladay from the San
Francisco Chronicle, April 13, 2003.
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New Taxes Proposed for State's Residents
by Chris Weinkopf from the Los Angeles Daily News, April 12,
2003.
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Budget Crisis: The
Hole Grows Deeper as reported in Caltaxletter,
April 4, 2003.
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Budget Crisis:
Pension Bonds Debate Heats Up as Senate Holds Hearings on Republican
Plan as reported in Caltaxletter, March 28, 2003.
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A High Price for Delay on Budget by
Evan Halper and Jeffrey L. Rabin from the Los Angeles Times,
March 20, 2003.
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We Will Run Out of Cash by Timm Herdt from the Ventura
County Star, March 19, 2003.
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Budget Crisis:
"Immaculate" Car Tax Hike Ends Assembly Democrats' Lockdown on Midyear
Spending Cuts as reported in Caltaxletter, March
14, 2003.
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Budget: Democrats
Battle Democrats in the Assembly as reported in
Caltaxletter, March 7, 2003.
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Budget Crisis:
Senate Unlinks the Car Tax; Lawyers Disagree on Governor's Tax Plan;
Senate GOP Presents Plan, and Assembly Democrats are Accused of
Dilly-Dallying as reported in Caltaxletter,
February 28, 2003.
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Budget Balanced on Faulty Figures
by Jeffrey L. Rabin from the Los Angeles Times, February 23,
2003.
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Davis Rejects Car
Tax Linked to Spending Cuts; Hit on Credit Rating Looms
as reported in Caltaxletter, February 7, 2003.
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Cal-Tax Budget Analysis.
Governor's Budget: Cuts,
Tax Hikes and a Lot of Criticism, by the Cal-Tax staff.
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2003-04: Overview of the Governor's Budget
from Legislative Analyst Elizabeth Hill released January 15, 2003.
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New Analysis Doubts Size of State's Deficit,
by Hanh Kim Quach from the Orange County Register, January 14, 2003.
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Cal-Tax:
California Needs Economic Stimulus and Financial Management, Not Higher
Taxes, by Larry McCarthy, a press release January 10,
2003.
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Cal-Tax: Sales Tax Increase is a Wrong Move,
by Larry McCarthy, a press release
January 9, 2003.
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Boom and
Bust by John Hill from the Sacramento Bee,
December 30, 2002.
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Business Tax Breaks Face State Scrutiny
by Gary Delsohn from the Sacramento Bee, December 29, 2002.
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Analysis of Mid-Year Budget Proposal
from Legislative Analyst Elizabeth Hill released December 16, 2002.
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Lawmakers Divided on Tax Hikes by
Alexa H. Bluth from the Los Angeles Daily News, December 14,
2002.
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Better Business Climate will Aid State's Woes
by State Senator Chuck Poochigian from the Fresno Bee, December
10, 2002.
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Mid-Year Spending Reduction Proposals
from Governor Gray Davis, December 2002.
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Governor's
Shortfall Proposals from the Senate Republican Caucus,
released December 9, 2002.
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Legislative Analyst Elizabeth
Hill forecasts cumulative state general fund deficit of $21.1 billion by
the end of the 2003-04 fiscal year. (California’s
Fiscal Outlook, released November 14, 2002.)
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November 26, 2002
Executive Order to state
agencies from Governor Davis to reduce state spending.
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California's State Budget Crisis. Pre-election developments.
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