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California Moving into Next Budget Year With a $31 Billion Surplus, Analysts Say

“Under our current law and policy approach, we estimate the general fund revenue will reach $202 billion in the budget year and result in a surplus of about $31 billion for that budget year,” said Gabriel Petek, legislative analyst of the State of California, referring to LAO’s projections for fiscal year 2022-23.

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California has the strongest economy of any state in the country with an estimated Gross State Product of $3.0 trillion. If it were a country, California would be the fifth-largest economy in the world.
California has the strongest economy of any state in the country with an estimated Gross State Product of $3.0 trillion. If it were a country, California would be the fifth-largest economy in the world.

By Tanu Henry, California Black Media

California is expected to move into the next fiscal year, which begins July 1, 2022, with a whopping $31 billion surplus, according to estimates from the independent Legislative Analyst’s Office (LAO).

The LAO announced the anticipated surplus during a news briefing last week.

“Under our current law and policy approach, we estimate the general fund revenue will reach $202 billion in the budget year and result in a surplus of about $31 billion for that budget year,” said Gabriel Petek, legislative analyst of the State of California, referring to LAO’s projections for fiscal year 2022-23.

Petek said the large surplus reflects a number of trends. Among them are surpluses in the state current operating budget, money left in the economic reserve from the last fiscal year, higher revenues than projected for the last two years, etc.

“Revenue collections have grown rapidly in recent months, coming in over $10 billion ahead of budget act expectations so far this year. Underlying this growth is a meteoric rise in several measures of economic activity,” LAO report reads.

That windfall in the state reserve could mean a rebate for taxpayers or more money for education and other public spending.

State spending is expected to reach a cap set by California voters through a ballot measure in 1979 called the Gann Limit. When that happens, the state is compelled to return money to taxpayers by lowering taxes, sending out rebates or spending money on education.

Salena Pryor, president of the California Black Small Business Association (BSBA) says she is encouraged by the investments the state has made to aid small businesses and to improve the overall economic outlook for Californians most impacted by the pandemic.

She hopes the state will use monies from the surplus to sustain some of its initial investments.

“There is still a lot more work to do. Forty-one percent of Black small businesses have closed permanently due to COVID-19, so further investments into start-ups and restarts would greatly benefit our community,” she said.

California has the strongest economy of any state in the country with an estimated Gross State Product of $3.0 trillion. If it were a country, California would be the fifth-largest economy in the world.

“California has no peers – continues to have no peers. We are world-beating in terms of our economic growth,” said Gov. Gavin Newsom, speaking at the California Economic Summit earlier this month.

“In the last five years, no western democracy has outperformed the state of California. The United States has not… Germany, Japan, the U.K… no other western democracy has outperformed this state in our economic output of 21% GDP over the last five years.”

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Activism

Moms 4 Housing Hold Sit-in Demanding County Supervisors Extend Eviction Protections

All formerly unhoused mothers, the Moms are risking arrest to demand that newly elected Supervisor Lena Tam uphold a previous vote for a strong package of permanent tenant protections for renters in the unincorporated areas of Alameda County as the end of the COVID Eviction Moratorium looms. Participants in the sit-in, are calling on all supporters to come to the 5th floor of 1221 Oak Street or outside the county building immediately to support the protest.

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Participants in the sit-in, which began Tuesday afternoon, are calling on all supporters to come to the 5th floor of 1221 Oak Street or outside the county building immediately to support the protest.
The Moms are prepared to hold this sit-in for 60 hours — for the 60,000 tenants who need these protections, which are set to expire.

By Post Staff

Moms 4 Housing held a sit-in in the nonviolent civil disobedience tradition of Martin Luther King Jr., to demand that the Alameda County Board of Supervisors uphold their original vote to pass permanent Just Cause eviction protections for the 60,000 tenants living in the unincorporated areas of Alameda County.

The Moms are prepared to hold this sit-in for 60 hours — for the 60,000 tenants who need these protections, which are set to expire.

All formerly unhoused mothers, the Moms are risking arrest to demand that newly elected Supervisor Lena Tam uphold a previous vote for a strong package of permanent tenant protections for renters in the unincorporated areas of Alameda County as the end of the COVID Eviction Moratorium looms.

Participants in the sit-in, are calling on all supporters to come to the 5th floor of 1221 Oak Street or outside the county building immediately to support the protest.

The Anti Police-Terror Project (APTP), ACCE and EBHO, along with other local activists, are mobilizing outside of the Alameda County Administration Building to stand in solidarity with Moms 4 Housing, an organization focused on uniting mothers, neighbors, and friends to reclaim housing for the Oakland community from the big banks and real estate speculators.

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Bay Area

Season 15 Winner of America’s Got Talent Set to Teach Class at Delta College

According to Delta College officials, Leake was previously an academic advisor at the college and will now teach Digital Media 31.

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San Joaquin Delta College in Stockton, Calif. logo. (Photo courtesy of San Joaquin Delta College)
San Joaquin Delta College in Stockton, Calif. logo. (Photo courtesy of San Joaquin Delta College)

By Victoria Franco | Bay City News Foundation

Brandon Leake, the season 15 winner of the reality TV show “America’s Got Talent” and a Stockton native, will begin teaching an evening digital media class next Monday at San Joaquin Delta College in Stockton.

Leake debuted on the show in 2020 by reading a poem that was an ode to his sister and was the first and only spoken word poet to win the competition.

According to Delta College officials, Leake was previously an academic advisor at the college and will now teach Digital Media 31.

The class is a media performance class and lab focused on individual speech improvement, through the study and practice of voice control and manipulation, proper breathing and diction.

Students enrolled in the class will complete a digital media portfolio and the class is transferable in the California State University system.

The class will meet Mondays and Wednesdays from 6 to 9 p.m. Students wanting to add the class to the schedule can visit their MyDelta portal.

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Activism

Following More Mass Shootings Democrats Introduce Assault Weapons Ban

On January 22, a gunman opened fire on a crowd celebrating the Lunar New Year in Monterey Park, California, killing 11 and wounding 9. The Democrats’ proposed Age 21 Act would make it illegal to sell or buy an assault weapon to anybody under 21, bringing it in line with the legal age for purchasing handguns. President Joe Biden has publicly stated his support for the legislation.

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The assault weapons prohibition “passed the House last year with bipartisan backing, but was blocked by Senate Republicans
The assault weapons prohibition “passed the House last year with bipartisan backing, but was blocked by Senate Republicans.

By Stacy M. Brown,NNPA Newswire

Two proposals aimed at curbing the spread of assault rifles were submitted today by Democratic senators Dianne Feinstein of California, and Richard Blumenthal and Chris Murphy of Connecticut.

The Assault Weapons Ban seeks to prohibit the commercialization, distribution, production, and importation of assault rifles and other firearms designed for use in military operations, as well as high-capacity magazines and similar devices.

On January 22, a gunman opened fire on a crowd celebrating the Lunar New Year in Monterey Park, California, killing 11 and wounding 9.

The Democrats’ proposed Age 21 Act would make it illegal to sell or buy an assault weapon to anybody under 21, bringing it in line with the legal age for purchasing handguns.

President Joe Biden has publicly stated his support for the legislation.

Biden said that the number of mass shootings declined during the decade that the Assault Weapons Ban was in effect.

“In the 10 years that the Assault Weapons Ban was on the books, mass shootings went down,” Biden remarked.

“After Republicans let the law expire in 2004 and those weapons were allowed to be sold again, mass shootings tripled,” he declared.

Both houses of Congress were urged to take quick action by the president.

According to Biden, “the majority of American people agree with this rational measure.”

“There can be no greater responsibility than to do all we can to ensure the safety of our children, our communities and our nation,” he insisted.

In the House of Representatives, Rhode Island Democrat David Cicilline said he plans to introduce a companion bill to the Senate’s Assault Weapons Ban.

Feinstein said assault rifles “seem to be the unifying denominator in the seemingly endless number of horrific shootings.”

“Because these firearms were created for maximum efficiency in mass murder,” the senator noted.

“They have no place in our society or educational institutions. It’s time to take a stand against the gun lobby and do something about getting these lethal weapons off the streets, or at the absolute least, out of the hands of our youth.”

Blumenthal added, as the gunman at the Lunar New Year celebration in Monterey Park demonstrated just days ago, assault weapons are designed for one and one purpose only: to murder or hurt human beings.

“These military-style combat weapons – built for the battlefield and designed to maximize death and destruction – have brought bloodshed and carnage to our streets and continue to be the weapon of choice in countless mass shootings,” Blumenthal said.

“Guns don’t respect state boundaries, which is why we need a national solution to restricting the ownership and use of assault weapons. Now is the time to honor gun violence victims and survivors with this commonsense action.”

Rep. Ciciline argued that it is long past due to reinstate an assault weapon ban and remove these “weapons of war” from civilian areas.

The assault weapons prohibition “passed the House last year with bipartisan backing, but was blocked by Senate Republicans,” Ciciline noted.

“We need to come together to enact this commonsense, effective, and proven policy to reduce gun violence and save lives. I thank Senator Feinstein for her partnership in this fight and look forward to introducing the House companion bill in the coming weeks.”

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