Tagged: Sacramento

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Government & Politics
2:40 pm
Mon November 19, 2012

Speaker Pérez Wary of Overplaying Democratic Supermajorities

Credit Creative Commons licensed from Flickr user Glenngould / http://www.flickr.com/photos/for_tea_too/1957375742/

California Democrats have gained a supermajority in both state legislative houses for the first time in 70 years.  But as KPCC’s Julie Small reports, the Assembly Speaker says his party won’t exploit the power.

The two-thirds majority in the Assembly and Senate gives Democrats the power to raise taxes without Republican votes.  They’ll also be able to expedite bills and change legislative rules.  But Assembly Speaker John Perez downplays that new power.

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Government & Politics
5:13 pm
Wed November 14, 2012

State Analyst: CA Budget Deficit Drops to $1.9 Billion

Credit Ben Adler / Capital Public Radio
Legislative analyst Mac Taylor released his office’s annual fiscal outlook today. He’s projecting a $1.9 billion deficit over the next year-and-a-half, followed by a growing surplus in each of the next several years.

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.” 

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