Stay updated with breaking news from Rob Lapsley. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A single paragraph on Page 180 of Gov. Gavin Newsom’s revised 2021-22 budget refers to one of the state government’s most vexing dilemmas – an immense debt it owes to the federal government for support payments to millions of Californians who lost their jobs during the Covid-19 pandemic. By the end
By the end of the year, the state’s Unemployment Insurance Fund is expected to owe more than $24 billion that — unless Congress forgives the debt — must be repaid with interest.
Dan Walters writes: For decades, the state hasn't put enough into its reserve. The bill could be coming due.
LAUREL ROSENTHAL CalMatters Facing a trifecta of extraordinary circumstances â the waning COVID-19 pandemic, a looming recall election and an insanely flush state budget â Gov. Gavin Newsom barnstormed the state, dropping good news by the billions. He wants to spend $12 billion to house the homeless, the governor announced in the lobby of a San Diego motel converted into a shelter; $3.4 billion to expand preschool to all 4-year-olds, he said on the playground of an elementary school in Monterey County; $1.5 billion cleaning up blight, he said as TV news crews filmed him ...
By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) â Gov. Gavin Newsomâs budget plan would have California pay to send every 4-year-old to kindergarten, give broke college students a place to live, put more homeless people in hotel rooms, provide health insurance for older adults living in the country illegally, start a new polytechnic university, wipe out delinquent traffic tickets for poor people and give cash payments up to $1,100 to two-thirds of taxpaying adults. The governor says it's all possible because the nationâs most populous state and the worldâ...