Governor Brown’s finance department estimates the total cost to the state to repay the bond will be $19.5 billion, which includes $4.5 billion in interest.
California Gov. Jerry Brown released a record-high level of spending Tuesday in his latest revision to the state budget.
California faces $340 billion in debts, or more than $8,500 for each of its 38 million residents, the nonpartisan Legislative Analyst’s Office said Wednesday in recommending that the state set priorities for paying down its key long-term liabilities.
A recommended $26.054 billion budget for 2014-15, that Chief Executive Officer William T. Fujioka said would provide a “strong foundation” for the county as it emerges from recession, was tentatively approved Tuesday.
Mayor Eric Garcetti and Los Angeles County officials Monday unveiled their respective budget proposals for the upcoming fiscal year that begins in July.
Mayor Eric Garcetti was expected to deliver his first State of the City address Thursday as Los Angeles faces a projected $242 million deficit and administrative issues at one of its largest utilities.
Citing a section in the California State Education Code from 1976, which calls for at least one non-voting pupil member, school board members voted Tuesday to approve the inclusion of a student.
Style and beauty expert Emily Loftiss stopped by KCAL9 Friday to show viewers top trends and different looks on a budget!
The Open Budget Portal promises to let taxpayers know how their “dollars are being spent,” and provides graphs marking trends, departmental revenue data and expenditures from 2009 to the current year.
Coalition members are calling for about $1 billion in state funding over the next seven years be used to help low income students, English learners and foster youth.
Budget cuts in the Los Angeles Unified School District have left roughly half of its elementary and middle schools without librarians.
California Governor Jerry Brown was expected Tuesday to meet with local community leaders in Riverside following the release of the 2014-15 budget proposal last week.
The Legislative Analyst’s Office says Gov. Jerry Brown is on the right track with his 2014-15 budget proposal by focusing on paying down the state’s massive debts.
Gov. Jerry Brown’s budget for the coming fiscal year calls for an 8.5 percent increase in general fund spending coupled with a dedication to pay down the state’s debt by more than $11 billion,
Celebrity interior designer, Jennifer Adams, stopped by KCAL9 Friday to show viewers how to make DIY tree ornaments to decorate the Christmas tree on a budget!