Speaker Pérez and Assemblymember Skinner Meet With UC Berkeley Students to Discuss the Middle Class Scholarship Act

In this Democratic weekly radio address, Speaker John A. Pérez (D-Los Angeles) and Assemblymember Nancy Skinner (D-Berkeley) visit the UC Berkeley campus to talk with UC, CSU and community college students about the Middle Class Scholarship Act (AB 15…

Budget Hole Deepens, Increasing Importance of April Collections

Making April tax receipts even more important, revenues collected by the state in March were $236 million below the nearly $6 billion estimated in the budget, the state Department of Finance said April 13.

Since the beginning of the current fiscal year on July 1, revenues are almost $900 million below projections.

The budget presented by Gov. Jerry Brown in January predicted a $9.2 billion gap between revenues and spending commitments.

That has now grown to $10 billion because of the lower-than-anticipated tax revenue.

The Legislative Analyst counters that the gap between revenues and spending commitments is another $6 billion bigger primarily because of overly confidence expectations by [....]