Nearly two months into the 2010-11 fiscal year, the Legislature is scheduled to vote on competing versions of the 2010-11 budget on Tuesday, August 31, the final day of the 2010 regular legislative session. Democrats will likely propose the Budget Conference Committee’s plan, while the Republican proposal – which was reportedly being finalized late last week – will likely mirror the Governor’s May Revision. Press reports indicate that Democrats will only put up the spending side of their budget proposal, not the tax plan proposed by Senate President pro Tem Darrell Steinberg and Assembly Speaker John Pérez earlier this month. Neither spending plan is expected to garner the required two-thirds vote of each house, so the current budget deadlock is destined to continue into September. For more information, see the CBP’s side-by-side for a comparison of the Governor’s May Revision and the Conference Committee’s spending plan and the CBP’s recent analysis of the Democrats’ tax plan.
— Scott Graves