|

State Controller Reports More Money

Byuclafaculty

The state controller has just released his data on cash receipts for 2012-13 through May.  As it turns out, the month of May brought in more cash than forecast in the governor’s May revise, just under $800 million more.  This outcome will add fuel to the conflict between the governor and the legislature as to how much revenue to project for 2013-14.  The governor has argued that much of the extra money that has come in this year is a one-time capital gains result that cannot be assumed to continue.

As our previous post noted, the legislature is due to produce a budget by Saturday.  But it may not be one that is in accord with the governor’s desires.  The governor could veto the budget or use his line-item veto on it.  In theory, the legislature could override the governor although some Democrats might be reluctant to do so.

You can find the controller’s cash statement at http://sco.ca.gov/Files-ARD/CASH/fy1213_may.pdf

In the meantime, with the new numbers, the legislative Democrats are likely to be celebrating the fact that there is more:
[youtube http://www.youtube.com/watch?v=1QbEIMTp_2Y?feature=player_detailpage]

Similar Posts

  • |

    Report: Affordable Public Higher Education is Possible Today

    Byuclafaculty

    A report this week from Reclaim California Higher Education (a coalition of faculty and student groups) makes the case that affordable (even free) higher education is within reach for California. The privatization experiment has failed. The harm to a generation of hard-working, high-aiming young people is proven. It’s time to return to what works: the proven Master Plan for higher education in California. California, with its own resources, can afford to restore top-quality, accessible, affordable college and university opportunity to every qualified student. In fact, Californians can afford nothing less. You can read a summary and download the entire report…

  • | |

    Jerry Brown Suggests Master Plan is Dated

    Byuclafaculty

    Our previous post covered the Jan. 22 meeting of the Regents’ Committee on Educational Policy.  As noted, there was discussion of the 1960 Master Plan for Higher Education, considered a major accomplishment of Brown’s father when he was governor. Below is a link to Brown’s comments in which he suggested the Plan was now dated.  [youtube http://www.youtube.com/watch?v=3RmjI4gVync?feature=player_detailpage]

  • | | | | | | | | |

    Tradition!

    Byuclafaculty

    The Legislative Analyst’s Office (LAO) has issued a report on UC and CSU funding.  LAO is usually viewed as a neutral agency.  But it is a component of the legislature.  So it tends to favor approaches that add to legislative control as opposed to, say, gubernatorial control.  This report is no exception. LAO seems to want to return to what it terms the “traditional” approach to funding, but with bells and whistles added to monitor legislative goals.  The traditional approach seems to be one focused on undergraduate enrollment.  But in fact the tradition – such as it is – has…

  • |

    7 Wasn’t So Lucky

    Byuclafaculty

    The cash statement from the California state controller for the first seven months of fiscal year 2013-14 is out.  Revenues are up about 1% from last year at this time.  That gain is not very good.  However, it may be largely due to an aberration last fiscal year when there was a surge of personal income tax revenue in January 2013.  The surge seemed to have something to do with antics back then in Washington over fiscal cliffs, etc., which might have resulted in some tax changes (but didn’t).  The current DC crisis de jour is the debt ceiling, but…

  • | | | | | |

    The Resurrection?

    Byuclafaculty

    [More in our Regents coverage.  See earlier posts.]  The Regents spent some time on the old Master Plan for Higher Ed.  There was discussion, according to news reports, among representatives of UC, CSU, and the community colleges on better coordination. …“This report shines an important light on the need to have a central body whose sole focus is guiding the Legislature, governor and our three higher education segments as we plan and build for the future,” (Assembly speaker John Pérez) said. Full story at http://www.latimes.com/local/lanow/la-me-ln-college-reports-20140123,0,5215408.story Um, does no one remember  CPEC, which still exists in ghostly form as a website…