Tag Archives: budgets

Blue-state GOP blasts Dem gov over surprise $7B budget deficit increase

Democratic Gov. Gavin Newsom is facing criticism from his Republican colleagues after he announced the budget deficit is actually $7 billion worse than his initial projections, bringing the total shortfall to nearly $74 billion. “The Legislative Analysts Office (LAO) had an estimate that is significantly higher,” Republican vice chair of the state budget committee Roger Niello told Fox News Digital …

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New York lawmakers nearing passage of $237B budget plan

New York state lawmakers are on the verge of passing a $237 billion budget that includes sweeping plans to build housing, shutter unlicensed cannabis storefronts and help manage the city’s migrant crisis. The raft of proposals is expected to pass through the Legislature late Friday and potentially into the weekend, almost three weeks after the budget was due. The governor …

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The Ukraine war is lost, but Hollywood and DC don’t know it

On April 10, stars in Hollywoodjoinedpoliticians in D.C. indemandingthat Congress take up a war aid bill authorizing $60 billion in new assistance for Ukraine. But they’re all wrong. The war is lost. In fact, 90% of people in Europe believe that to be true. If that comes as a surprise, it shouldn’t. In late February, the Times of London publishedthe …

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California lawmakers vote for $17B deficit reduction plan

California lawmakers don’t know for sure how big their budget deficit is, but on Thursday they decided it’s big enough to go ahead and reduce spending by about $17 billion. The vote represents a preemptive strike from Democratic Gov. Gavin Newsom, who is trying to get ahead of a stubborn shortfall that has been increasing every month and will likely …

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New York budget sees another delay over housing proposal negotiations

New York’s state budget is poised for another delay as backroom negotiations over a sweeping proposal to drive new housing construction continue to hold up the spending plan. Lawmakers in the state Senate passed a stopgap bill Thursday that will keep government funded and extend the budget deadline until April 15. The Assembly is expected to approve the measure on …

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Mississippi anticipates slight budget growth in coming year

Budget writers in the Mississippi Legislature will have slightly more money to spend during the coming year than they did in the current one. Top members of the House and Senate met Friday and set a revenue estimate of $7.6 billion for the year that begins July 1. That is an increase of 1% from the current year. The estimate …

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Navy makes shocking aircraft carrier decision while China threat rises

What a shock. According to the newly released budget, the Pentagon wants to slow down America’s aircraft carriers. You may be thinking: no carrier, no “Top Gun,” no “Maverick.” How we’d miss those thriller movies. But the facts are even worse. Delaying aircraft carriers courts disaster at a time when their deterrence value is higher than ever. The Navy has …

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Biden's $8T budget makes claims of deficit-cutting laughable, economist says: 'An assault on US business'

A top economist called President Biden’s budget proposal an “assault on American business” and characterized the state of America under the current administration as reminiscent of the dystopian novel “1984.” Steve Moore, who served as chief economist during tax hawk and ex-House Majority Leader Dick Armey’s, R-Texas tenure as chairman of the Joint Economic Committee, told “Life, Liberty & Levin” …

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Maine Gov. Mills proposes budget revisions for housing, childcare

Democratic Gov. Janet Mills on Friday unveiled a budget revision that includes additional one-time spending to build more housing for Maine residents, to provide grants to child care providers, and to accelerate nursing facility rate reform, among other initiatives. Included in the proposed spending is $5 million to help mobile home residents buy their mobile home parks and another $22 …

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New York budget likely to be late again as disputes continue

New York lawmakers are expected to miss the state’s budget deadline as negotiations over housing and education funding remain ongoing, a top official said Wednesday. The due date for adopting a new state budget is April 1, but legislators are set to give themselves a extension early next week that will keep government functioning while talks continue, Senate Leader Andrea …

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