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Coronavirus triggers California’s worst budget deficit

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Coronavirus triggers California's worst budget deficit

The California government faces a $ 54.3 billion budget deficit until next summer, according to an analysis released Thursday by Governor Gavin Newsom’s advisers, marking the largest projected fiscal hole in the country’s history and increasing the likelihood of cutting deep spending or substantial new tax revenues to produce the difference.

This estimate explains the rapid erosion of tax revenues and the increasing need for health programs and human services. While measuring the gap between income and expenditure based on projections made by Newsom in January rather than existing funds, the valuation still reflects the country’s record-breaking economic collapse, created in just a few weeks by the fast-moving COVID. Pandemic.

“This is a global pandemic,” Newsom said. “And no economy in the whole world has been substantially, at least, immune.”

The Newsom budget team estimates a decline in tax revenues of $ 41.2 billion compared to their estimates only from four months ago. Most of that – $ 32.2 billion – will occur in the fiscal year that starts in July. This year’s tax revenue, according to the report, is expected to miss $ 9.7 billion, even though most of the state’s budget year has passed when the virus becomes an immediate concern in March.

In total, the projected deficit represents 37% of general funding disbursements approved by lawmakers last year. This shortfall is equivalent to three years of state funding for the University of California and Cal State University systems combined.

“When you look at the numbers, they should get your attention,” Newsom said Wednesday as the midday event provided an update on the coronavirus crisis.
When tax revenues plummet, government spending is projected to skyrocket. The fiscal report released Thursday assumes about $ 13 billion in higher state costs due to the pandemic, with a combined $ 7 billion in higher than expected caseloads for programs such as Medi-Cal, which provides free health care, and CalWorks , state welfare assistance program. A total of $ 6 billion in expenditure was assumed as a result of COVID-19 countries’ responses.

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Democratic legislative leaders tend to ask for more to help citizens who are most in need. Assemblyman Phil Ting (D-San Francisco), chairman of the Assembly’s Budget Committee, said he would support the extension of state-funded unemployment benefits that could last until 2021. The aim, he said, was to keep the Californians from having to depend on various programs other social services.

“Although we will have a short-term budget, it will have far greater budget benefits,” Ting said.

The decision to release initial horrific estimates – Newsom will not present the revised state spending plan to the Legislature for another week – is likely to be driven by a desire to calibrate the hopes of lawmakers and interest groups about what lies ahead.

“This will be some difficult decisions. But we will work smarter and more strategically and recognize the fundamental role of government at a time like this, “said state Senator Holly Mitchell (D-Los Angeles), chairman of the Senate Budget Committee.

Responses by government officials must come quickly. The Legislature will have less than a month to consider and propose changes to the Newsom budget before the constitutional deadline of June 15 to finalize a plan. But for most of the year, the blueprint could require major revisions. Revenue collection will take longer than usual, because millions of California taxpayers take advantage of a 90-day delay in filing income tax returns and paying what is owed.

Therefore, additional budgetary measures may be needed at the end of the summer before the Legislature delays right before Labor Day.

“I think this budget can be a place for conversation that they will discuss later this summer,” said Chris Hoene, executive director of the California Budget and Policy Center, a nonprofit organization that advocates programs to help low-income residents.

The impact on K-12 education funds can be very severe. Schools receive about 40% of the country’s general funding income and, under a complex set of constitutional formulas, can see their minimum funding cuts of more than $ 18 billion based on Newsom’s administrative analysis.

“This is a very scary number,” said Kevin Gordon, a veteran education lobbyist. “The allowable deduction will issue a school budget,” Gordon said.

And that reduction could occur because state officials are asking schools to do more to help children, especially those from low-income families, when it comes to distance learning and providing food.

In January, with the economy still developing, Newsom proposed a $ 222.2 billion budget plan that projects upticks in spending on K-12 schools and health care programs. But the plan, introduced less than eight weeks before the governor declared a state of emergency to combat the corona virus, assumed a steady growth in personal income of 4% a year and continued low unemployment.

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Those hopes have vanished. The state has processed more than 4.2 million jobless claims since mid-March, almost equivalent to all jobs in Los Angeles County. The Newsom administration estimates that nearly 478,000 jobless claims have been filed in just the past week. The state received approval this week for a $ 8 billion loan from the federal government to cover the increase in benefit costs.

The role of the federal government in sustaining California’s finances and dozens of other states looks great. House Speaker Nancy Pelosi (D-San Francisco) and other congressional Democrats have suggested subsidies to state and local governments of as much as $ 1 trillion. Meanwhile, many of California’s direct coronavirus costs can be reimbursed by the Federal Emergency Management Agency.

On Thursday, Newsom said additional assistance to local and state governments was essential to provide the funds needed for emergency workers which became increasingly vital as the pandemic continued.

“We must recognize that this moment requires a historic partnership effort, not only between the governor and the legislature, but between the state and our federal government,” he said on Thursday.

The projected $ 54.3 billion deficit is the largest estimate since the $ 40 billion deficit was predicted by the government at that time. Arnold Schwarzenegger during the Great Recession in January 2009. In 2011, at that time -Government. Jerry Brown said the country looked at the 27 billion dollar fiscal hole. Newsom’s analysis noted that the projected deficit in the past was not only smaller in total dollars, but also a smaller percentage of public funds than what MPs faced this year.

Sharp increases in employment and tax revenues erased red ink in the past, with some money set aside in cash reserves. California voters increased the maximum deposit amount in the state’s “rainy day” fund in 2014.

The efforts of state lawmakers, led by Newsom and Brown, to put cash into the reserve fund can help soften the blow. The Office of the Independent Legislative Analyst estimated last month that total state cash reserves were around $ 17.5 billion – money that could provide protection, but only under a string of stringent conditions.

However, the state has other resources that can be used – including billions of dollars in special funds and other accounts that can be accessed temporarily – that California leaders did not have in the previous recession.

“They are not in a good position, because of previous fiscal management, to overcome the deficit,” Newsom said in comparing the past fiscal crisis with this one. “And I think this is a long way to say this, we will get through this.”

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Portugal beat Switzerland with Gonçalo Ramos hat-trick to play Morocco in World Cup quarter-finals – Observer

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Portugal beat Switzerland with Gonçalo Ramos hat-trick to play Morocco in World Cup quarter-finals - Observer

Absence of Ronaldo, favorite song and game with Morocco. Gonzalo Ramos sums up a (beautiful) night he never dreamed of

Goncalo Ramos’ debut as a starter at the World Cup saw him score three goals and have a great night. Although there was talk before the game about the absence of CR7 in the starting lineup, the Benfica player said that it was different in the dressing room: “Honestly, in our dressing room, no one talked about it. Cristiano as our captain did what he does in every game. He helped us, motivated us and gave me a word of encouragement both for himself and for everyone else.”

After explaining at a press conference that he only had time to call his parents and best friends, Gonçalo Ramos turned to the next game, in which Portugal would “come out with everything”. “The game against Morocco will start 0-0. Today’s score doesn’t matter anymore.”

When asked about today’s performance, the Benfica player said that even in his wildest dreams he never thought of making his debut in the starting lineup in the World Cup playoffs with a hat-trick. “In relation to exemplary players, Ronaldo is an idol for many. I also like Lewandowski and Ibrahimovic.”

In a more relaxed moment, journalists asked Ramos what his favorite song is and what song he would like to hear when he scores goals. “This song contains profanity. Maybe it’s better not to mention it. Another? The music when we score is good. This can continue.”

After the press conference, Gonzalo Ramos went to receive the Man of the Match trophy. Upon receiving the award, he was asked which of his teammates he would give it to if he could choose: “I would give it to the whole team, because without the whole team it’s impossible to win games.”

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Turismo Centro de Portugal promotes discussion on the importance of the Portuguese route to Santiago for the region : Gazeta Rural

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Turismo Centro de Portugal promotes discussion on the importance of the Portuguese route to Santiago for the region : Gazeta Rural

BUT Tourism in Central Portugal organizes on December 19 and 20 two conferences on the importance of Caminhos de Santiago tourism product in Central Portugal.

The colloquium will take place in melkhada you Covilhã and offer a reflection on Structuring, Knowing, Experience and Dynamizing different layouts portuguese way santiago, with a focus on the importance of this tourism product for the local economy.

The first action, on the 19th, will take place at the Cineeatro Messias, in Mealhada, a municipality that is on the Caminho Português Central route. The next day, the stage will be the Hall of the Municipal Assembly of Covilhã, the city where the Caminho Português Nascente takes place.

Registration is free and mandatory via the following links:
Colloquium in Mealhada, December 19 – https://bit.ly/caminhosMealhada
Colloquium in Covilhã, 20/12 – https://bit.ly/caminhosCovilha

Work will take place in the morning, from 10:00 to 13:00. In the afternoon (15:00 – 16:30) there will be a practical part with a short walk along the section of the Portuguese route to Santiago, so it is advisable that the participants be prepared for this purpose.

The initiative is aimed at the community, as well as local and regional public and private organizations. It will bring together speakers and participants from the fields of culture, spirituality, tourism and heritage, who will conduct a dialogue on these topics and their prospects for future development in the central region of Portugal.

The colloquium is held as part of a cross-border project “Kaminos – the Jacobin trails of the western peninsula” (POCTEP Interreg) and enjoy the support of the municipalities of Mealhada and Covilhã.

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The Portuguese way is becoming more and more popular

The Camino de Santiago is of great interest to visitors and the number of pilgrims arriving in Santiago de Compostela is increasing. According to the Pilgrims’ Office, the increase in the number of pilgrims along the Portuguese Way has been notorious, which has affected the local economy, namely the accommodation and catering sectors. Turismo Centro de Portugal aims to improve this cultural and religious route.

The cross-border project Caminos – Rede Transborderiça de Caminhos Jacobeus do Oeste Peninsular includes 10 Spanish partners and 3 Portuguese partners and has as its main mission the dissemination of the various routes of the Camino de Santiago, as well as the promotion of its natural and cultural values ​​and its potential tourist.

It also seeks to ensure closer contact between territorial agents in order to create synergies with all social and economic agents associated with the Way, improve equipment, signaling and ICT application on the routes in order to provide them with the necessary infrastructure, thereby increasing the cross-border cultural offer.

It also intends to create conditions for increasing the number of travelers and pilgrims on the various Jacobin routes in the west of the peninsula, promoting the economic development of both territories through tourism-related resources, increasing the competitiveness of the area, increasing employment in the tourism sector and improving the quality of cross-border tourism products and services. .

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The Portuguese still hasn’t scored in the playoffs of the World Cup

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The Portuguese still hasn't scored in the playoffs of the World Cup

It was not enough to fight for the title in Portugal., Cristiano Ronaldo often subjected to pressure Lionel Messi at the 2022 World Cup. Guaranteed in the quarterfinals, the Argentine star is finally scored his first knockout goal at the World Cup, in a victory over Australia, in the 1/8 finals. The Portuguese remains empty in the decisive stages of the competition.

Also participating in his fifth and probably the last Cup in his winning career.In total, Ronaldo has scored eight goals in World Cups. All were noted at the group stages (one in Germany-2006, one in South Africa-2010, one in Brazil-2014, four in Russia-2018 and so far one in Qatar-2022).

At the age of 37, CR7 scored in an edition on Qatari soil only in his debut. He scored a penalty goal that paved the way for a long-suffering 3-2 victory over Ghana. Then, in matches against Uruguay and South Korea, he collected missed opportunities, got offside several times and, above all, became the object of even more contestation. from the critics.

Even against the Uruguayans, the No. 7 Portuguese finished the match believing he had scored the first goal in a 2-0 win. and backstage – who touched the ball with his head (or hair) on a cross by Bruno Fernandez, who at the time, and also after a FIFA reassessment, was confirmed as the author.

Is free ball marketbecause the contract was terminated by mutual agreement Manchester United, Ronaldo has only five finishes in the 2022 Cup so far: two correct and three incorrect. Today with nine goals at the world championships, Lionel Messimeanwhile, has 12 shots (eight correct and four incorrect) – only in the group stage.

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Even after several controversies in England, the veteran striker could not avoid controversy in the national team. The latter came in the defeat against South Korea, in the last round of group H. He could have been spared, like a large part of the team, but he was kept in the starting lineup, mainly because he wants, among other goals, score nine goals in World Cups and equal his historical compatriot Eusebio And now too Messi.

Despite such determination, CR7 proved to be the team’s worst player in a 2-0 loss. To make matters worse, when he was substituted 20 minutes into the second half, he left complaining about the bench: He said these words: “you s… hurry to get me out”🇧🇷 The flash did not find a response in the technical commission, to the point that coach Fernando Santos publicly says he “didn’t like anything” from what he saw.

Between criticism and controversial cases, Cristiano Ronaldo is unlikely to be taken out of the starting XI, especially in the decisive phase. Despite the problems, he remains a big attacking hope for Portugal, who will face Switzerland this Tuesday (6th) at the Lusail Stadium in the round of 16.

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