Discover and read the best of Twitter Threads about #CABudget

Most recents (10)

Yes, I’ve been reading today’s #CABudget, even though that assignment is in the rear view mirror for me. Once a budget nerd, always a budget nerd.

Sure, the proposals contained in the document are newsy. But I’m mostly struck my what isn’t always explained to avg Californians…
And for me, tops on that list is the fact that the state is projected to still take in more tax $ in the coming fiscal year than the current year. That sure won’t strike some folks as “deficit.”

Focus on “revenues and transfers” below…
The story, of course, is that the growth in those total revenues has slowed beyond earlier expectations. And yes, a key component — personal income tax revenues — are looking worrisome.

But it’s a very different budget worry than those of the Great Recession.
Read 6 tweets
I mentioned it before, but this is me finally doing it: creating a #thread of podcasts focused on #CALeg, #CABudget, and the Capitol Community in general.

Let me know what I missed 😊
Since folks seem receptive to the podcast #thread, here is an off-shoot for general resources that might be floating around.

Feel free to add to this as well!
My dear frienemy @PacoTorresCA developed a CROWDSOURCED document tracking chiefs/LDs/schedulers. docs.google.com/spreadsheets/d…
Read 7 tweets
.@johnmyers on #CABudget “Keep an eye on an effort in this month’s state budget negotiations to boost funding for voter awareness efforts...Supporters believe it’s a key step toward actually getting people to cast the ballots..." 1/7 🧵latimes.com/california/new…
To increase voter participation for underrepresented groups including youth and people of color, combat mis and dis-information, and create a more representative democracy, we must ensure widespread public awareness of new opportunities to participate in CA elections 2/7
Thank you @AsmMikeFong & @AsmAguiarCurry for championing the $85m #CALeg #CABudget voter ed & outreach ask! Cc: @CASOSVote @DrWeber4CA. Read about the #CABudget ask made to @GavinNewsom @PhilTing @NancySkinnerCA @sydneykamlager here: bit.ly/CAVoterEdFundi… 3/7
Read 7 tweets
OK, I'm a week late here, but in case it's helpful for anyone, providing more context to this wonky issue -the elective pass-through business tax - that's creating additional complications for #cabudget revenue projections. LONG WONKY THREAD
As @schwahoney's thread notes, this stems from the 2017 federal "Trump tax law." Among its many provisions, it created a $10,000 cap on state & local taxes individuals can deduct from their incomes for federal tax purposes.
But the cap doesn't apply to businesses. So many states, CA included, enacted "workarounds" that allow business owners to reduce their federal taxable income, and thus federal taxes...
Read 9 tweets
California's Assembly Health Committee, chaired by Assemblymember @JimWoodAD2, about to begin. First hearing of the year, to hear bills introduced last year--including, most notably, #AB1400, the single-payer health system policy proposal #CalCare.
You can watch the CA Assembly Health Committee hearing, including the discussion on the single-payer health care proposal #AB1400 (@Ash_Kalra) slated for later in the afternoon, here: assembly.ca.gov/media/4202-vid…
@Ash_Kalra The debate on #AB1400 starts in Assembly Health Committee. Assemblymember @Ash_Kalra opens by detailing the costs of our current health system: "What is the status quo and why does it need to change?" #CalCare
Read 22 tweets
Health Access is lucky to have an amazing team who works day in and day out to build support for quality, affordable, and equitable health care for all Californians.
#CABudget
Health Access is lucky to have an amazing team who works day in and day out to build support for quality, affordable, and equitable health care for all Californians.
@j_trrs leads our policy work on #Health4All and Phoebe Abramowitz provides on the ground organizing for the incredible #Health4All coalition.
Read 8 tweets
#BroadbandForAll is not only about online connectivity but it's also a job creator! It's a needed solution across sectors that impacts our health, education, jobs, and even remote family visits with elders. @CAGovernor @Rendon63rd @SenToniAtkins @NancySkinnerCA #BroadbandCantWait
In California, Gov. Newsom proposed $7B for broadband that the legislature should vote into action now to start closing the digital divide. We don't have time to waste anymore. #BroadbandForAll #CABudget #BroadbandCantWait @CAGovernor @Rendon63rd @SenToniAtkins @NancySkinnerCA
Sacramento set aside $7B to build high capacity broadband infrastructure for all, but might vote tomorrow to "think it over." CA's largest 5 foundations @calfund @TSFF @siliconvalleycf @sd_fdn @eastbaycf support entire investment w/out delay #BroadbandForAll #BroadbandCantWait
Read 4 tweets
Tough choice: @GavinNewsom and @JoeBiden speaking at the same time...
Going w/@GavinNewsom budget talk:

"There's no better investment than #teacher preparation."

You have my attention...

2/
Adding funds for Special Ed, Early Childhood and Preschool- "Historic investments".

Of the $13B in deferrals $9.2B will be paid off- if #CaLeg adopts proposal

$2B to support reopening schools for in-person teaching

Go on... #Budget2021
3/
Read 19 tweets
A brief #cabudget thread on a notable non-event... not enough for a story but, hey, enough, for Twitter.

In short: today's the day by which the June budget deal hoped additional federal coronavirus relief funds would come in.

And as everyone knows, that didn't happen.
There were 2 viewpoints about how to deal with the need for more federal help when @GavinNewsom projected a $54B deficit in the springtime, a shortfall spanning two fiscal years: write a budget assuming the feds would come to the rescue... or... write one assuming they wouldn't.
CA Senate Dems preferred to assume the money would come, but to insert automatic cuts to schools and more to be triggered ON if the feds failed.

Newsom balked at that, insisting the cuts take effect immediately and could be triggered OFF if fed money arrived by 10/15 -- today.
Read 8 tweets
With no indication yet of whether #CABudget deadline day ends with a deal or a pro forma vote and ongoing talks between Newsom and legislative Dems, there's this thorny issue: the budget bill to be voted on today assumes a gubernatorial action that hasn't happened. (Thread)
The main #CABudget bill, #SB74, relies on the use of cash reserves from the state's "rainy day" fund. But under the provisions of Proposition 2 (2014), those funds can't be used without a gubernatorial declaration of a budget emergency. But... wait for it...
There's been no such emergency declared by Newsom.

An agreement on a budget plan could easily include such a proclamation. But suppose there's no deal today?

While #Prop25 only required a budget bill to be passed by midnight, this is the first time #Prop 2 cash is being used.
Read 5 tweets

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