51.2 F
Los Angeles
Sunday, January 29, 2023

Apple March 8, 2022 Event

Apple announced several products during their March 8, 2022, event. Studio Display Mac Studio iPad air iPhone SE iPhone 13 and 13 Pro color addition Some of the products will...

Eastman files motion for exculpatory information and continuance

In response to the January 6 Select Committee Brief to Eastman Privilege Assertions, Eastman has filed a new motion with the court. A request for the court to require...

February 2022 Employment Report

U.S. Bureau of Labor Statistics reported today that total nonfarm payroll employment rose by 678,000. The unemployment rate edged down to 3.8 percent The employment number exceeded forecasts The...

California Budget Surplus

Money

California’s Debt to GDP percent is falling. It is currently 20.62%. Spending and debt continue to rise, but the level of revenue is increasing faster.

Governor Jerry Brown (D) proposed a new budget on Thursday which raises spending on schools and the social safety net.

California public schools (K-12) would get $1.89 billion more than last year and the state would pay back $1.8 billion that it owes schools from previous years.

“This is new; this is a breakthrough,” Brown stated during today’s news conference. “But it doesn’t mean we’re in the clear.”

According to the San Jose Mercury News, Brown calls for paying $4.2 billion down on the “wall of debt” built by previous governors — “paying for the expenses of the past instead of meeting current needs” — and establishing a $1 billion rainy-day fund.

Related Stories

Exit mobile version