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Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Steve G.
Date: May 13, 2022 03:12PM
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not like the pioneering banning books and abortions and all that other stuff.
California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday.
Newsom unveiled a revised budget plan of just over $300 billion for the next fiscal year, the highest in state history and fueled by surging tax revenues. The state has collected $55 billion more in taxes than officials expected in January, leaving it with an estimated $97.5 billion surplus.
California is home to about 39 million people and has an economy that’s larger than all but four nations. The surplus alone is much bigger than nearly every other state's annual budget.
California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday.
Newsom unveiled a revised budget plan of just over $300 billion for the next fiscal year, the highest in state history and fueled by surging tax revenues. The state has collected $55 billion more in taxes than officials expected in January, leaving it with an estimated $97.5 billion surplus.
California is home to about 39 million people and has an economy that’s larger than all but four nations. The surplus alone is much bigger than nearly every other state's annual budget.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Speedy
Date: May 13, 2022 03:17PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Ombligo
Date: May 13, 2022 03:39PM
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With 39 million residents, a rebate would only give ~$25 to each.
“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld
"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias
The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late
“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld
"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias
The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Ted King
Date: May 13, 2022 04:00PM
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Maybe California should spend a big chunk of that money on building more water recycling plants, repairing and replacing water infrastructure to cut down on loss and ways to capture more storm water.
e pluribus unum
Edited 1 time(s). Last edit at 05/13/2022 04:02PM by Ted King.
e pluribus unum
Edited 1 time(s). Last edit at 05/13/2022 04:02PM by Ted King.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Acer
Date: May 13, 2022 04:03PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: mrbigstuff
Date: May 13, 2022 04:57PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: N-OS X-tasy!
Date: May 13, 2022 06:03PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: RgrF
Date: May 13, 2022 07:21PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: btfc
Date: May 13, 2022 08:08PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: DeusxMac
Date: May 14, 2022 07:13AM
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Quote
N-OS X-tasy!
Quote
Ombligo
With 39 million residents, a rebate would only give ~$25 to each.
$2564, actually.
$100 billion is a LOT of money.
And keep in mind that’s the TOTAL California population, which includes children. Non-taxpayers like children wouldn’t be getting ANY state tax rebates.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Bill in NC
Date: May 14, 2022 07:50AM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: pdq
Date: May 14, 2022 09:49AM
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Quote
Bill in NC
They'll spend it all and be hurting again when the next severe recession hits in 2023-24.
Spending it all is what cost Democrats control of my state which they had held since WWII once the Great Recession hit.
Ummm…there may gave been some other reasons for the acendency of the GOP in the south…
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: GGD
Date: May 14, 2022 09:53AM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Steve G.
Date: May 14, 2022 10:34AM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Rolando
Date: May 14, 2022 11:34AM
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Build solar powered desalinization plants.
San Antonio, TX (in the old city)
"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel
"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)
"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981
"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater
Edited 1 time(s). Last edit at 05/14/2022 12:14PM by Rolando.
San Antonio, TX (in the old city)
"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel
"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)
"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981
"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater
Edited 1 time(s). Last edit at 05/14/2022 12:14PM by Rolando.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: vision63
Date: May 14, 2022 05:33PM
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Quote
RgrF
It's not sexy but a rollback of the state sales tax would most benefit those who need help.
Since it was Jerry that engineered these surpluses in order to effect a rainy day fund that sounds like something he'd think of doing. Newsome can only spend the discretionary element but I'm sure the state will need all the money it can to battle these fires and mitigate severe drought conditions.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Ted King
Date: May 14, 2022 05:44PM
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Quote
Rolando
Build solar powered desalinization plants.
[www.reuters.com]
Quote
COSTA MESA, Calif., May 12 (Reuters) - California regulators on Thursday rejected a $1.4 billion desalination plant on environmental grounds, dealing a setback to Governor Gavin Newsom, who had supported the project as a partial solution for the state's sustained drought.
The California Coastal Commission voted 11-0 to reject the proposal by Poseidon Water, controlled by the infrastructure arm of Canada's Brookfield Asset Management (BAMa.TO), to build the plant on a low-lying coastal site at Huntington Beach, near the town of Costa Mesa, about 30 miles (50 km) south of Los Angeles.
The plant was designed to convert Pacific Ocean water into 50 million gallons (189.3 million liters) of drinking water a day.
That is enough for 400,000 people, but the plant would use a process that staff experts at the commission said would devastate marine life and expose the plant to future risk of sea level rise while producing expensive water too costly for low-income consumers.
Environmentalists who have opposed the project for years burst into celebration after the vote in a Costa Mesa hotel conference room.
I'm not sure all desalination plant proposals would suffer from the same downsides, but that's why I earlier posted, "...[California] should spend a big chunk of that money on building more water recycling plants, repairing and replacing water infrastructure to cut down on loss and ways to capture more storm water."
e pluribus unum
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: vision63
Date: May 14, 2022 06:30PM
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Quote
Ted King
Quote
Rolando
Build solar powered desalinization plants.
[www.reuters.com]
Quote
COSTA MESA, Calif., May 12 (Reuters) - California regulators on Thursday rejected a $1.4 billion desalination plant on environmental grounds, dealing a setback to Governor Gavin Newsom, who had supported the project as a partial solution for the state's sustained drought.
The California Coastal Commission voted 11-0 to reject the proposal by Poseidon Water, controlled by the infrastructure arm of Canada's Brookfield Asset Management (BAMa.TO), to build the plant on a low-lying coastal site at Huntington Beach, near the town of Costa Mesa, about 30 miles (50 km) south of Los Angeles.
The plant was designed to convert Pacific Ocean water into 50 million gallons (189.3 million liters) of drinking water a day.
That is enough for 400,000 people, but the plant would use a process that staff experts at the commission said would devastate marine life and expose the plant to future risk of sea level rise while producing expensive water too costly for low-income consumers.
Environmentalists who have opposed the project for years burst into celebration after the vote in a Costa Mesa hotel conference room.
I'm not sure all desalination plant proposals would suffer from the same downsides, but that's why I earlier posted, "...[California] should spend a big chunk of that money on building more water recycling plants, repairing and replacing water infrastructure to cut down on loss and ways to capture more storm water."
That means build more dams and the public isn't gonna go for that. There are 2 new reservoirs being built but in areas that some feel aren't placed strategically. The Sites Reservoir is on the west side of the Sacramento Valley, which means water isn't captured but will be pumped/pipe to it from a great distance. Temperance Flats is on an already controlled San Joaquin river.
The San Joaquin river drains the valley of the same name and was allowed to run dry along a great deal of its path. After decades of public outcry it was restored to flow again. The goal of which is to restore native trout and salmon fisheries.
By law x amount of water has to go out to sea.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Ted King
Date: May 14, 2022 07:12PM
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Quote
vision63
Quote
Ted King
Quote
Rolando
Build solar powered desalinization plants.
[www.reuters.com]
Quote
COSTA MESA, Calif., May 12 (Reuters) - California regulators on Thursday rejected a $1.4 billion desalination plant on environmental grounds, dealing a setback to Governor Gavin Newsom, who had supported the project as a partial solution for the state's sustained drought.
The California Coastal Commission voted 11-0 to reject the proposal by Poseidon Water, controlled by the infrastructure arm of Canada's Brookfield Asset Management (BAMa.TO), to build the plant on a low-lying coastal site at Huntington Beach, near the town of Costa Mesa, about 30 miles (50 km) south of Los Angeles.
The plant was designed to convert Pacific Ocean water into 50 million gallons (189.3 million liters) of drinking water a day.
That is enough for 400,000 people, but the plant would use a process that staff experts at the commission said would devastate marine life and expose the plant to future risk of sea level rise while producing expensive water too costly for low-income consumers.
Environmentalists who have opposed the project for years burst into celebration after the vote in a Costa Mesa hotel conference room.
I'm not sure all desalination plant proposals would suffer from the same downsides, but that's why I earlier posted, "...[California] should spend a big chunk of that money on building more water recycling plants, repairing and replacing water infrastructure to cut down on loss and ways to capture more storm water."
That means build more dams and the public isn't gonna go for that. There are 2 new reservoirs being built but in areas that some feel aren't placed strategically. The Sites Reservoir is on the west side of the Sacramento Valley, which means water isn't captured but will be pumped/pipe to it from a great distance. Temperance Flats is on an already controlled San Joaquin river.
The San Joaquin river drains the valley of the same name and was allowed to run dry along a great deal of its path. After decades of public outcry it was restored to flow again. The goal of which is to restore native trout and salmon fisheries.
By law x amount of water has to go out to sea.
What I was referring to is primarily things that could be done in urban areas to recycle water and catch storm runoff:
[www.governing.com]
e pluribus unum
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Speedy
Date: May 14, 2022 07:42PM
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Quote
Ted King
Quote
vision63
Quote
Ted King
Quote
Rolando
Build solar powered desalinization plants.
[www.reuters.com]
Quote
COSTA MESA, Calif., May 12 (Reuters) - California regulators on Thursday rejected a $1.4 billion desalination plant on environmental grounds, dealing a setback to Governor Gavin Newsom, who had supported the project as a partial solution for the state's sustained drought.
The California Coastal Commission voted 11-0 to reject the proposal by Poseidon Water, controlled by the infrastructure arm of Canada's Brookfield Asset Management (BAMa.TO), to build the plant on a low-lying coastal site at Huntington Beach, near the town of Costa Mesa, about 30 miles (50 km) south of Los Angeles.
The plant was designed to convert Pacific Ocean water into 50 million gallons (189.3 million liters) of drinking water a day.
That is enough for 400,000 people, but the plant would use a process that staff experts at the commission said would devastate marine life and expose the plant to future risk of sea level rise while producing expensive water too costly for low-income consumers.
Environmentalists who have opposed the project for years burst into celebration after the vote in a Costa Mesa hotel conference room.
I'm not sure all desalination plant proposals would suffer from the same downsides, but that's why I earlier posted, "...[California] should spend a big chunk of that money on building more water recycling plants, repairing and replacing water infrastructure to cut down on loss and ways to capture more storm water."
That means build more dams and the public isn't gonna go for that. There are 2 new reservoirs being built but in areas that some feel aren't placed strategically. The Sites Reservoir is on the west side of the Sacramento Valley, which means water isn't captured but will be pumped/pipe to it from a great distance. Temperance Flats is on an already controlled San Joaquin river.
The San Joaquin river drains the valley of the same name and was allowed to run dry along a great deal of its path. After decades of public outcry it was restored to flow again. The goal of which is to restore native trout and salmon fisheries.
By law x amount of water has to go out to sea.
What I was referring to is primarily things that could be done in urban areas to recycle water and catch storm runoff:
[www.governing.com]
Eeewww.
Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: bfd
Date: May 15, 2022 07:45PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: RgrF
Date: May 15, 2022 08:28PM
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Bill in NC
Date: May 16, 2022 11:56AM
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Quote
pdq
Quote
Bill in NC
They'll spend it all and be hurting again when the next severe recession hits in 2023-24.
Spending it all is what cost Democrats control of my state which they had held since WWII once the Great Recession hit.
Ummm…there may gave been some other reasons for the acendency of the GOP in the south…
Democrats here retained firm control until multiple 'emergency' sales tax increases during the Great Recession.
The (D) governor at the time was not even allowed to run for re-election by her own party.
Edited 1 time(s). Last edit at 05/16/2022 11:56AM by Bill in NC.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: pdq
Date: May 17, 2022 11:53PM
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Quote
Bill in NC
Quote
pdq
Quote
Bill in NC
They'll spend it all and be hurting again when the next severe recession hits in 2023-24.
Spending it all is what cost Democrats control of my state which they had held since WWII once the Great Recession hit.
Ummm…there may gave been some other reasons for the acendency of the GOP in the south…
Democrats here retained firm control until multiple 'emergency' sales tax increases during the Great Recession.
The (D) governor at the time was not even allowed to run for re-election by her own party.
Wikipedia says of the 25 NC governors between 1877 and 1973, only one was a Republican. After that (ie about the time of Nixon’s southern strategy), you’ve had 3 Republicans and 5 Dems. Perdue came in 2009, at the depths of the great recession, served one term. Then a Republican for one term, currently a Dem again.
Maybe the legislature turned over? From a distance, I’m not seeing a clear pattern, at least in guvs, and as I said, the only obvious one seemed to start in the early 70’s. But you probably have a better view.
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Re: Blue State bankruptcy! California budget surplus closing in on $100 billion
Posted by: Bill in NC
Date: May 18, 2022 10:40AM
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