LAO

Experts: 'Sequestration' Could Hurt California's Economy

Ben Adler — Fri, 22 Feb 2013 03:26:05 +0000

As the March 1^st deadline for automatic federal budget cuts approaches, their potential effect on California is becoming increasingly clear.

Ben Adler reports from Sacramento that “sequestration” cuts could slow the state’s economic recovery – and perhaps even create a new budget deficit.

Legislative Analyst Recommends State-Based Medi-Cal Expansion

Pauline Bartolone — Wed, 20 Feb 2013 01:50:13 +0000

A non-partisan legislative report suggests expanding California’s Medicaid program under the federal health law would make good sense in terms of finance and policy.

The Legislative Analyst’s Office says the state should move ahead with the Medi-Cal expansion that Governor Jerry Brown recently laid out in his budget.

New Report Gives A Snapshot of California

Marianne Russ — Wed, 02 Jan 2013 23:42:58 +0000

California has the ninth largest economy in the world, its workers are staying unemployed longer and home prices are rising. These are a few of the tidbits in a new report by the state’s non-partisan Legislative Analyst.

The Legislative Analyst gives us California in a snapshot. The state’s economy is number nine, right between Italy and Russia.

State Analyst: CA Budget Deficit Drops to $1.9 Billion

Ben Adler — Thu, 15 Nov 2012 01:13:00 +0000

California’s once-enormous budget deficit has shrunk to just under $2 billion, and the state could soon have a surplus. But Mac Taylor, California’s non-partisan legislative analyst is urging caution as state finances improve.

Not long ago, California hit rock bottom, with a massive budget deficit.

Nearly four years ago Governor Arnold Schwarzenegger told a crowd, “the $42 billion deficit is a rock upon our chest that we cannot breathe until we get it off.”