Budget Maneuvering Begins Between Brown and Democrats

Republicans complimented the restraint exercised by Democratic Gov. Jerry Brown in the revised budget he presented May 14.

Several of Brown’s Democratic legislative allies criticized him for being too tight-fisted.

Ultimately, scattered GOP applause isn’t going to translate into budget “aye” votes and Democratic disgruntlement isn’t going to mean less than the 41 votes needed to send a budget back to Brown that looks quite similar to the one that spawned their initial complaints.    Read more »

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Public Schools Win in Brown’s Revised Budget

Saying the state’s “multi-billion dollar increase in current-year cash receipts” is “short-lived,” Gov. Jerry Brown unveiled an updated budget May 14 that gives $2.9 billion of those receipts to public schools.

The $137 billion spending plan also earmarks additional money to Medi-Cal, the state’s health care program fro the poor, whose rolls will expand by more than 1 million persons when the federal Affordable Care Act takes effect January 1, 2014.    Read more »

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Where Has All the Surplus Gone? Gone to Classrooms Everywhere

Public schools will be the biggest beneficiary by far of the revised budget Gov. Jerry Brown unveils May 14, receiving the bulk – if not all — of the $4.5 billion in unexpected revenue the state has received this year.

The Democratic governor wants to use the money to both augment the budgets of the state’s more than 1,000 school districts and erase several billion of the remaining $8.2 billion in postponed payments to schools made in past budgets.    Read more »

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Resolve not to Revise, Redux

Apparently the message is not sinking in. Once again:

On Tuesday May 14, 2013 Wednesday, Gov. Jerry Brown will present a revised budget plan. That means the document he shares with California and its 38 million residents is a REVISION of the spending plan he presented in January.

It is not a revise of the spending plan he offered four months ago, although it could be a revising thereof.    Read more »

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State Controller Confirms That California Tax Collections Are $4.6 Billion Over Estimates

Echoing previous statements by the Franchise Tax Board and the Legislative Analyst, State Controller John Chiang’s April report covering California’s cash balance, receipts and disbursements shows state revenues are $4.6 billion over estimates contained in Gov. Jerry Brown’s January budget plan.

In April alone, tax receipts totaled $15 billion, Chiang reported.    Read more »

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Hard to Spend It All in One Place — Or Is It?

(The Legislative Analyst said April 26  that despite an uncharacteristic month of income tax collections, the state will likely end April with $4.5 billion more in revenues than predicted in the budget GOv. Jerry Brown introduced in January.

“Our best estimate is that the state will end April with (personal income tax) collections for the fiscal year to date … somewhere around $4.5 billion ahead of the administration’s estimates.    Read more »

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California’s Revenue Cup Continues to Runneth Over

Net state income tax collections for April climbed to $10.1 billion through April 18 — $1.5 billion more than needed for the $138 billion budget proposed by Democratic Gov. Jerry Brown to remain in balance.

Brown’s January budget plan called for the state to receive $13.3 billion in net income tax receipts in April but because of nearly $5 billion more than expected in January tax payments, only $8.5 billion was necessary in April to stay on target.    Read more »

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The Rest Is Gravy — April Tax Receipts Keep Budget Balanced

The Franchise Tax Board reported another $2.9 billion in state income tax payments on April 17 bringing the month’s total net receipts to nearly $9 billion.

That’s very good news for state budget writers because it means – at a minimum — Gov. Jerry Brown’s January budget plan remains balanced.

“With month-to-date (state income tax) collections, net of refunds, now approaching the $9 billion mark, California has surpassed the $8.5 billion total for the month that was necessary to remain on track with the administration’s most recent revenue estimates,” the Legislative Analyst writes on its website.    Read more »

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The Difference a Day Makes — About $2.8 Billion

California logged more than $2.8 billion in state income tax receipts on April 16 pushing month-to-date collections close to $7.5 billion – less than half way to April’s ’s estimated $16 billion total.

Through April 15th, income tax collections were just over $4.7 billion in withholding by employers and estimated payments by individuals.    Read more »

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California Unlikely to Collect Expected $16 Billion in April Tax Receipts — And No One Cares

A record $16 billion in income tax revenue will flow into state coffers during April, according to predictions in Gov. Jerry Brown’s January budget plan.

About $5 billion of that $16 billion comes from higher taxes approved by voters in November through Proposition 30 — $4.5 billion in taxes owed for 2012 and $500 million in estimated payments for what’s due next April.    Read more »

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