“It wouldn’t surprise me that this budget deficit, depending on a recession, would get to $50 to $100 billion.” Siyamak sits down with Scott Baugh, a former California state representative and Republican assembly leader. California could be looking at a $25 billion budget deficit in the coming fiscal year. What caused the state to experience…
How California Went From Billions of Surplus to Billions of Deficit in One Year | Scott Baugh
California 2023 Budget Preview: Pain Is Coming
January 5, 2023
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Commentary The most important California government document every year is the governor’s January budget proposal. The one for fiscal year 2023-24, which begins on July 1, will be released next week by Gov. Gavin Newsom. The January budget sets the tables for budget negotiations lasting until the governor’s May Revision—the “May Revise” in Sacramento parlance….
Tips for 1st-Time Budgeters: Take Control of Your Money in 2023
So you’ve made a resolution to take control of your money this year—that’s amazing. A huge part of building new habits in any area of your life is just deciding you’re going to do it, so you’ve already gotten a big step out of the way. I know getting your finances in order can feel…
Port Jervis, New York, City Council Adopts 2023 Budget
Port Jervis City Council on Dec. 22 unanimously passed a 2023 budget of $20 million, raising property tax levy by nearly 9 percent. Residential property taxes go up by 5 percent to nearly $3.8 million, whereas taxes collected on commercial properties increase by 11 percent to $3.5 million. Inflation is said to be responsible for…
New $2 Billion Canada Growth Fund Can Buy and Sell Shares Without Public Scrutiny: Federal Documents
A new $2 billion growth fund created to advance Canada’s green transition will be allowed to buy, sell and swap shares in other companies without public scrutiny, says a regulatory notice issued by the federal Department of Finance on Dec. 21. The Canada Growth Fund (CGF) will be exempted from section 91 of the Financial…
12 Ways to Start the New Year Off on the Right Financial Foot
The new year comes with the chance to reflect on the past year and set new goals. However, don’t just set physical and mental wellness resolutions. You should also add financial wellness resolutions as well. To help you reach your financial goals in the new year, here are twelve ways to start fresh: 1. Revise…
US November Deficit Rises Sharply as Revenues Fall, Outlays Jump
WASHINGTON—The November U.S. budget deficit jumped by $57 billion or 30 percent from a year earlier to $249 billion, a record for the month, as revenues fell and outlays for education, healthcare, and interest on the public debt rose sharply, the U.S. Treasury said on Monday. Receipts for November fell 10 percent or $29 billion…
Canadians Have ‘Considerable Cynicism’ Toward Federal Budget Day Promises: Report
A Department of Finance survey says most Canadians have “considerable cynicism” about the cabinet’s annual ritual of Budget Day promises, with pollsters observing an “estrangement from the budget” for some taxpayers. “There was considerable cynicism and doubt among participants about the government’s willingness to fulfil its promises and move forward with these measures,” says the research…
101 Christmas Gift Ideas Under $40
It is important to consider price when shopping for a gift. It becomes especially important when your holiday shopping list is long. Along with your personal finances and the number of people you’re shopping for, you can stay within budget in a number of ways. Since the holidays are already a stressful time, here are 101…
Budget Bill’s Proposed Tax Reporting Obligations Violate Charter, Solicitor-Client Privilege: Lawyers
A new budget bill that would modify the Income Tax Act has lawyers warning that the legislation, if passed, would violate the Canadian Charter of Rights and Freedoms and break lawyer-client privilege by requiring lawyers to identify clients to the Canada Revenue Agency (CRA). Bill C-32, the Fall Economic Statement Implementation Act, 2022, imposes new…
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