Tag: budget shortfall

California to Face Budget Shortfall Amid Mass Exodus of Business Owners

Admin

The state of California is facing a budget deficit of $25 billion going into 2023, the state’s Legislative Analyst’s Office (LAO) reports.

According to the Daily Caller, the LAO’s Wednesday report claimed that the primary reason for the deficit will be the shortcomings in the state’s tax revenue, which will ultimately be about $41 billion less than originally projected. Corporate tax revenue in the state is expected to drop by about $6 billion from fiscal year 2021-2022 to 2023-2024, and personal income tax revenue has also declined, from $135.9 billion in the prior fiscal year to an estimated $122.6 billion in the coming fiscal year.

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Georgia Southern University Preparing to Return to ‘Normal’ Operation

Peter D'Abrosca

One publicly-funded university in Georgia says it plans to resume normal operations in the fall semester.

“For Fall 2021, we are currently planning for a full return to campus, which means resuming ‘normal’ operations with in-person instruction, research, events, service, and activities, and full dining and housing operations,” Georgia Southern University President Dr. Kyle Marrero said in a message to students, faculty, and staff according to WTOC. 

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Democrat Mayor John Cooper: Nashville Has No Money Available to Host Republican National Convention

Laura Baigert

Nashville Mayor John Cooper says the city has no money to host the Republican National Convention (RNC) in Nashville during his COVID-19 news conference Thursday.

The issue of hosting the RNC came up earlier this week when the host state of North Carolina’s Governor Roy Cooper expressed public safety concerns about holding such a large-scale event during the ongoing coronavirus pandemic, reported The Washington Times.

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State Rep. Bruce Griffey’s Says His Bill to Tax Out-of-Country Wire Transfers Will Solve State’s COVID-19 Revenue Shortfall

Laura Baigert

State Representative Bruce Griffey sponsored a bill that he says will solve Tennessee’s revenue shortfall caused by the shutdown associated with the COVID-19 pandemic.

In a May 19 letter to the editor (embedded below), Griffey offers, “How To Solve Tennessee’s COVID 19 (a.k.a. Chinese virus) Budget Problem.”

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