Personal income tax receipts were about $2 billion less than projected in April.
California’s nonpartisan budget analyst is giving a more sober projection of tax revenue than the one contained in Gov. Jerry Brown’s proposal for the coming fiscal year, mostly because it forecasts less from personal income taxes.
Gov. Jerry Brown says California needs to make about $1 billion in midyear cuts to schools and social services.
A projected $3 billion budget deficit now facing California this fiscal year will almost certainly trigger cuts in December at school districts throughout the state.
The Legislative Analyst’s Office on Wednesday released a gloomy state fiscal outlook. It says tax revenue will fall short of the state’s projections, which could trigger midyear cuts to public schools, colleges and health care programs.
Gov. Jerry Brown managed to both satisfy and frustrate just about everybody as he signed and vetoed hundreds of bills over the weekend.
State revenues surpassed budget estimates in August by a little more than 2.1 percent.
A state prison overcrowding fix that places post-sentenced prisoners into local hands has San Francisco officials fearing they’ll get hundreds of troubled parolees, and not enough money to supervise them.
A new audit has found that California’s corrections department overpaid some employees for salaries and travel advances.
Amazon.com Inc. said the California Attorney General’s Office has approved its petition for a referendum that would let voters decide whether to overturn a new law that forces online retailers to collect sales taxes in the state.