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Budget Deficit

A view of the California State Capitol in Sacramento, California. (Justin Sullivan/Getty Images)

California To Have $10 Billion Budget Surplus By 2017, Analyst Says

California’s independent legislative analyst is offering a rosier financial forecast for the state than in the last several years.

11/20/2013

(CBS)

East SJ School District Fights To Avoid Consolidations, Layoffs

The 12,000 student Alum Rock Union Elementary School District is facing a $10 million budget deficit this year, meaning they could face school consolidations, teacher layoffs and program cuts.

03/11/2013

California Gov. Jerry Brown (Max Whittaker/Getty Images)

Gov. Brown Proposes Rosier Budget, More Spending

Riding a wave of new tax revenue, Gov. Jerry Brown is proposing a state spending plan that eliminates the massive deficits of recent years and provides nearly $5 billion more in spending over the previous year.

01/10/2013

California Department of Corrections prison inmate firefighters remove burned trees from a highway.  (Justin Sullivan/Getty Images)

Property Owners To Pay Fee To Bail Out Cash-Strapped California Fire Agency

On Monday over 825,000 property owners, mostly in California’s rural areas near forests, started receiving a $150 annual fee by the state in order to help offset Cal Fire’s budget deficit.

08/06/2012

Leland Yee (AP Photo/Paul Sakuma)

Proposed Bill Limits Raises For Cal State University Administrators

State Senator Leland Yee’s proposed bill says colleges and universities shouldn’t give administrators pay raises while students struggle with fees and tuition increases.

01/14/2012

San Jose City Hall

Revised Pension Numbers Shrink San Jose’s Budget Deficit

You could call it an early Christmas present for San Jose, in the form of a budget deficit reduction from $80 million to about $25 million.

12/02/2011

Oakland City Hall. (CBS)

Many Oakland Services Closed Monday In Effort To Balance Budget Deficit

Oakland administrators are reminding residents that most non-essential city services will be suspended on Monday.

10/08/2011

(AP graphic)

CBS 5 Poll: Nearly Half Of Californians Think Tea Party Is ‘Bad For America’

Nearly half of all Californians think the Tea Party political movement is bad for the nation, according to a new KPIX-TV CBS 5 poll designed to gauge voter attitudes about the latest federal budget deal struck on Capitol Hill.

KPIX 5 | CBS San Francisco–08/01/2011

Oakland City Hall. (CBS)

New Oakland City Administrator Has Her Work Cut Out For Her

There won’t be a honeymoon period for Oakland’s new city administrator, who faces a $58 million deficit that is expected to grow next year.

CONNECT WITH KCBS–06/22/2011

San Jose City Hall

San Jose City Council Imposes Contract On 4 Unions

As San Jose’s fiscal situation remains bleak, the city council has imposed 10 percent wage and benefit cuts on four unions.

CONNECT WITH KCBS–05/31/2011

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