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Sunday, January 26, 2025

Fire Bills - Part 2 (Uncertainty)

As blog readers will know, the legislature passed two bills to fund relief to the tune of $2.5 billion from the LA fires. (The governor has now signed them.) 

So expenses from this year's budget have gone up. And there is uncertainty as to the degree the federal government under the Trump administration.

But there is another source of uncertainty related to the fires as an email from Jason Sisney of the Legislative Analyst's Office. There is now a delayed deadline for filing tax returns in LA County for individuals and businesses affected by the fires. The deadline is now October 15. The delay in filings and receipts adds to the uncertainty of making budget projections for next year. Thus, the May Revise version of the governor's budget will be based on less reliable data than might otherwise be the case.

Note that the governor's January budget proposal (including the allocation for UC to which UC is objecting) was put together before the fires.

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