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News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
Starting in 2009, ASHE's Hispanic Economic Outlook Committee (which was co-founded by Marie T. Mora, Mark Hugo Lopez, and Alberto Davila in 2008) began disseminating the Hispanic Economic Outlook reports. These reports are available at the ASHE website, [7] and selected issues can be accessed at the Social Science Research Network website.
When Gov. Gavin Newsom returns from his overseas travel, he will find a state whose economy seems to be slowing.
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
Unemployment in California unlikely to dip below 5.3% this year. ... All those risks are cited in Gov. Gavin Newsom’s May budget revision’s economic outlook. While Newsom boasts that the state ...
The California Legislative Analysts' Office predicted a largely balanced budget outlook in the upcoming fiscal year, but warned about uncertainties. Early outlook suggests $2-billion California ...
California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [7] While the legislative bodies appeared to address the problem in 2008 with the three-month delayed passage of a budget they in fact only postponed the deficit to 2009 and due to the Great Recession and the 2007–2008 financial crisis the problem became urgent ...
The Democratic governor characterized California's economic might as "cold comfort" to regions that feel like they don't fully participate in the state's muscular output. Newsom promotes his ...