Results tagged “spending”

The economy is worse than anyone could predict. It's so bad, the budget passed--just a few weeks ago--is already falling short $8 billion because of it.

A report filed yesterday with the California Secretary of State reveals that the Church of Jesus Christ of Latter-day Saints "spent $190,000 more supporting the Proposition 8 gay marriage ban than they previously reported," according to the Daily News. The amount previous given was only $2,078. The money was spent on travel for church leaders based in Utah, use of facilities and equipment at their Salt Lake City headquarters, and to pay employees to work on passing the controversial proposition banning same-sex marriage. The Mormon church is now "being investigated by the state Fair Political Practices Commission." Donations to the Prop 8 campaign have attracted much attention from the media and from groups who opposed Prop 8; a recent motion to keep private the names of donors was denied on Thursday. A full list of Mormons for 8 donors is available online.

Mark Paul, former deputy treasurer of California, among other things, has a good point about all the money-spending initiatives on this November's ballot. "In a little-noticed report, Treasurer Bill Lockyer projected last year that, at current tax levels, California will not be able to pay for its existing programs and its debt service at any time in the next two decades if voters keep approving bonds at the same rate as they have over the last 20 years." There are six props (1, 3, 5, 6, 9, 10) that would effect the budget at the tune of "$2.7 billion a year in bond debt service and direct state spending," all without any way to pay for them. If a 13th one is added, which would be a water bond, that number jumps to beyond $3 billion.

Unless you've got a 6-11 year-old girl in your life, you've probably managed to avoid the notorious American Girl Place at the Grove (and you consider yourself lucky, indeed). Oh, you've heard tell of their ostentatious parties for little darlings and their little darling dollies (that's around $90 a pop to sip tiny cups of tea and get matching hairdos for each girl and her girl doll) but you've steered clear, right?*

Why do all these prisoners love our governor? Because in his budget cuts that were released today, it proposes just that -- an early release for 22,000 low-risk inmates. "The governor says the cuts are necessary to erase a $14 billion revenue shortfall over the next 18 months. Schwarzenegger's new budget would spend 3 percent less than the one he signed last summer," according to the AP.

President Bush may have passed a $460 billion defense bill, but he has vetoed a $150 billion bill that would have funded the Labor and Health and Human Services departments according to a report by the Daily News. It is also rumored that he will veto an upcoming $105.6 billion transportation bill. Congress is gearing up for a battle, with House Republicans upholding presidential vetoes and Democrats accusing their GOP counterparts of ignoring the...

This could be the end (maybe temporary end) of your local street festival, maybe even make your block party a bit more costly. It also could mean changes for major festivals like Sunset Junction. Yesterday, Karen Sisson, the Los Angeles City Administrative Officer (she's in charge of the money), told City Council that due to an increasing amount of financial concerns, they should "freeze all new spending and end the politically popular practice of...

Núñez represents downtown Los Angeles, to the south of, and East LA in the state assembly. It is rumored he wants to run for Mayor. It is not like Democrat Fabian Núñez, Speaker of the California State Assembly, is some bogus politician with bad intentions and total self-serving motives. I am not going to argue with him for looking into universal preschool, high speed rail and global warming solutions for California; in fact, I...