Tag: budget deficit
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California Legislature Begins 2026 With New Bills Rolling In
The California State Legislature reconvened on January 5, 2026, beginning the second year of its 2025-2026 session. Lawmakers are introducing a mix of new bills amid a projected $18-20 billion budget deficit and election year pressures. Major themes include budget management, housing affordability, and climate policy.
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San Francisco’s Reparations Fund: An Empty Account, a Loaded Debate, and a City Near a $1 Billion Deficit
San Francisco’s Mayor Daniel Lurie approved an ordinance establishing a Reparations Fund amid a budget deficit. This fund, intended for private donations, does not authorize reparations payments. The discussion is influenced by the controversial $5 million proposal from the 2023 reparations report, raising legal and fiscal concerns. Symbolically, it keeps the reparations idea alive.
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Los Angeles County’s Budget Crisis: What They Don’t Want Residents to Notice
Los Angeles County claims financial stability, but the reality is a looming crisis fueled by rising homelessness costs, unsustainable labor expenses, and a dwindling tax base. Despite spending billions with little improvement, officials downplay deficits. Taxpayers may face new taxes, service cuts, and worsening conditions without accountability or transparency.
California Bay News 