The CBP’s report shows that even with increased state revenues and a continuing economic recovery that has yet to reach many Californians, the Governor’s proposed budget prioritizes fiscal austerity over investing in broadly shared prosperity. The Governor’s proposal does reflect a focus on policy changes enacted in prior years — such as California’s new K-12 funding formula and the state’s implementation of federal health care reform — that move the state forward in important ways. Yet, while the Governor’s proposal includes long-term plans for paying down budgetary debt and saving for a rainy day, it does not present a similar vision for tackling California’s biggest challenges: still-high levels of unemployment and poverty, widening income inequality, and a safety net severely weakened by years of funding cuts.
View ArticleCategories
- Employment
- Economy
- Public Finance
- Regulation
- Cost of Living
- Business Climate
- Income
- Energy
- Wages
- Housing
- Indicators
- Education
- Infrastructure
- Demographics
- Unemployment
- Green Jobs
- Business Migration
- Firms
- Uncategorized
- Sales
- Trade
- Legal Climate
- Economic Development
- Health Care
- Projections
- Economic Impact
- Job Growth
- Transportation
- Manufacturing
- Job Trends
- Government
- Population
- Leisure and Hospitality
- Tourism
- Other Services
- Professional, Scientific & Technical Skills
- Legislation
- Information
- National
- Street Insider
- Transportation & Warehousing
- Occupations
Industries
- Economy
- Government
- Manufacturing
- Utilities
- Information
- Construction
- Trade
- Transportation
- Retail
- Warehousing
- Healthcare & Social Assistance
- Accommodation & Food Services
- Mining
- Agriculture, Forestry, Fishing & Hunting
- Education and Health
- Forestry
- Transportation & Warehousing
- Hunting
- Fishing
- Agriculture
- Financial Activities
- Finance & Insurance
- Leisure and Hospitality
- Professional and Business Services
- Social Assistance
- Health Care
- Wholesale Trade
- Educational Services
- Other Services
- Natural Resources
- Arts, Entertainment, & Recreation
- Professional, Scientific, & Technical Skills
- Farming
- Administration
- Support
- Waste Management
- Remediation
- Real Estate & Rental & Leasing