www.sacbee.com/news/politic... by @andrewgraham88.bsky.social

Assembly Democrats release #CABudget “road map” open.substack.com/pub/jasonsis...

BUDGET BILL UPDATE: AB 108 - #CABudget bill jr. on hospital funding and the property tax postponement program - passed the Legislature today and was delivered to Governor Newsom at noon. #CALeg

LAO upgrades #CABudget revenue estimates substantially open.substack.com/pub/jasonsis...

LAO upgrades #CABudget revenue estimates substantially open.substack.com/pub/jasonsis...

after a devastating streak of two World Cups without official songs by Shakira, we are so back

‘Wall Street’s rebound since late March has been driven by the smallest number of stocks on record, pushing US market concentration to an all-time high and prompting warnings about the “fragility” of the rally.‘ www.ft.com/content/7599...

LAO notes that proposed CARB rules could slash GGRF #CABudget revenues open.substack.com/pub/jasonsis...

FINALLY! The LA28 announcement about the Cultural Olympiad! “We have intentionally built the Cultural Olympiad from the community level up, to ensure that we are reflecting the authentic voices of our region," said Nora Halpern, the Cultural Olympiad's executive director. la28.org/en/newsroom/...

“The IOC reaffirms that athletes’ participation in international competition should not be limited by the actions of their governments, including involvement in a war or conflict.” Olympics should bring athletes together and help the world transcend its conflicts www.olympics.com/ioc/news/ioc...

LAO notes that proposed CARB rules could slash GGRF #CABudget revenues open.substack.com/pub/jasonsis...

State jobs data was released today—30 states, PR, DC, & VI have lost jobs since 2025 as the labor market slows Fastest Growth: Nevada (1.9%), Idaho (1.4%), NC (1%), California (0.8%), Texas (0.7%) Slowest: DC (-5.4%), VI (-3.8%), Maryland (-1.9%), Oregon (-1.3%), NH (-1.2%)

Q1 2026 transit data is in today, & all major US rail networks are growing! SF is seeing a real boom, with ridership up 19% on Muni and 15% on BART SEPTA (Philly, 11%) and PATH (NY/NJ, +6.8%) are also seeing strong growth, while MTS (San Diego, +0.5%) is the slowest🧵

BofAI: There remains a large “K” shape in wage growth In April, higher-income households’ after-tax wage growth rose to 6.0% YoY, while lower-income households’ wage growth was 1.5% YoY

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A strong "shower" of April revenues makes way for the May Revision to bloom next week. #CABudget jasonsisney.substack.com/p/april-inco...

Happy UC Davis Pride Month! 🏳️‍🌈🏳️‍⚧️ Join Chancellor May in honoring the history of the LGBTQIA+ community. Since our academic year ends in early June, we observe Pride Month in May to be fully present with the community and celebrate together before folks head off for the summer.

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Proposed budget bill jr. emerges into print: distressed hospital funding and flexibility to pay applicants to property tax postponement program #CABudget open.substack.com/pub/jasonsis...

While I stay cautious and restrained - wary of jinxing it after many years of disappointment - we are one night closer to all you followers discovering what a fervent Montréal hockey fan I am. #GoHabsGo

Cal State struck a deal with OpenAI. Some students and faculty refuse to use it California State University’s $17 million contract with OpenAI is up for renewal. Some say AI is crucial for the workforce. Others say it’s cheating.

Since Congress Let Obamacare Subsidies Expire, Millions Are Dropping Coverage www.nytimes.com/2026/05/01/b...

ICYMI: The House Appropriations Committee voted 35-25 yesterday to advance a bill that would underfund WIC and cut fruit and vegetable benefits for almost 5.4 million toddlers, preschoolers, new moms & pregnant women in low-income families.

Use of AI diminishes my confidence in state services, as those who know me are aware. Knowing that some bill analyses from the administration use AI diminishes my willingness to use them. I believe in working people & the constitutional civil service mandate. #CALeg www.sacbee.com/news/politic...

someone make an ad of grandma working in a coal mine

There is a lot of talk now about the fiscal outlook given the Debt-to-GDP ratio is 100.2%. I would like to note this is as much a revenue story as it is a spending one. See this from my @centeronbudget.bsky.social colleague, @brendanvduke.bsky.social: www.cbpp.org/research/fed...

Good news for #CABudget revenues in the near term!

Thanks to @governor.ca.gov for jumpstarting this longstanding, vital debate on schools governance - now in a #CALeg policy bill and open to full public debate.

We need more investment in housing.

(WSJ) - The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II. @wsj.com www.wsj.com/economy/u-s-...

Is this good for working people?

Larry Mantle asked Karen Bass if she's concerned about LA28's city service agreement, which she says is "basically approved." “I don't think it's been voted on by the council, but it's been approved by my office, approved by the council... up to a vote. And now it's with the city attorney"

#CABudget refunds at FTB have outpaced collections so far this week. Net FTB personal income taxes for April now at $15.0 bil. (down from $15.2 bil. last Friday)--still well above $12.5 bil. forecast for the month. Corporation taxes at $6.11 bil.--above the $6.07 bil. forecast for April for now.

This is a very interesting, substantive new LAO #CABudget report, looking at the growth of state spending since 2019. The bulk has been for programs and services that were in existence prior to then. Service expansions are responsible for less of the spending growth. lao.ca.gov/Publications...

CalPERS expects the cost of state workers’ pensions will start falling in 2028 as a result of strong investment returns in recent years.

While current #CABudget revenue performance - including 2025 tax payments made through April 15 - is healthy, an uncertainty for the years ahead is how much billionaire tax sheltering will hurt collections of the existing, progressive state income tax.

In this week's EI blog post, Meredith Fowlie sorts out the changes being proposed as part of California's extension of its cap and trade, er, cap and invest 🙄 program, and some of the tradeoffs they highlight. energyathaas.wordpress.com/2026/04/27/a...

#CABudget net personal income tax collections at FTB on track to exceed this month’s forecast by around $2.5 billion. As of March 31, General Fund taxes were exceeding forecast by $7.6 billion for 25-26 to date. There is considerable upside for revenues in 25-26 and 26-27 compared to… (1/2)

New USDA data released today: H.R. 1 enacted the deepest SNAP cuts in history last July. By January, more than 3 million fewer people were receiving food assistance. Nationwide, SNAP caseloads fell by more than 8% in just 6 months — despite no improvement in economic conditions.

From 4 founding lesbians to 2 in the Senate today, Senators Cervantes and Menjivar are showing up, speaking out, and staying visible— on the floor, in committees, and everywhere decisions are made. Happy #LesbianVisibilityWeek 🧡🤍🩷
 Representation matters. Visibility matters.

Italy’s Olympics are facing a huge deficit. Here’s the plan to keep Utah’s 2034 Winter Games out of the red #utpol #utoly #Utah2034 #Olympics #milanocortina2026 www.deseret.com/utah/2026/04...

"Of all the host countries over the last two decades, the Frankfurt resident said he is most fearful about the prospect of traveling to the U.S." CNN interviewed a bunch of World Cup superfans who have tickets to matches in the U.S. but are now rethinking their travel plans

Today, likely the last big April processing day at FTB, saw monthly net personal income tax (PIT) collections surpass $15 billion--likely durably ahead of the administration's $12.5 billion forecast for the month. Good, but not as good as I expected.

There’s a surprise in the upcoming budget for the California Public Employees’ Retirement System: The cost of paying for pensions is actually starting to come down. But here's why not to get too excited: cal.news/48dzHiZ 📷️ Florence Middleton

The so-called California exodus has been greatly exaggerated: "Net outmigration is about one-third below pandemic-era peaks and only modestly elevated compared to 2017–2019. More timely American Community Survey data suggest outmigration slowed further in 2024." lao.ca.gov/LAOEconTax/A...

All sports “mega events” are “quietly in chaos” at this point in their preparation, to be fair, but this is a useful look at the challenges now present for World Cup local hosts. Kudos to Philadelphia organizers for using federal and Airbnb sponsorship funds to pay for transit.

Gains this month would add to recent months’ $7.6 billion income tax gain in the #CABudget compared to the Newsom administration’s conservative January projections.