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in the KNOW

November 22, 2013

Report Forecasts State Budget Surplus

This week, the California Legislative Analyst’s Office (LAO) issued a budget report revealing the “state’s budgetary condition is stronger than at any point in the past decade.”

The report entitled, The 2014-2015 Budget: California’s Fiscal Outlook, projects budget surpluses of $2.4 billion by June 2014 and $5.6 billion by June 2015 if current policies continue.

Proposition 30, which increases sales taxes and imposes higher personal income taxes on some Californians, as well as an improving economy are cited as reasons for the surplus.

The LAO also issued caution in the report saying the projections are dependent upon certain assumptions, such as growth in stock prices and the current repayment schedule for state liabilities. In addition, the report states, “An economic downturn within the next few years could quickly result in a return to operating deficits. Further, the normal volatility of capital gains could depress (or boost) annual revenues by billions of dollars.”

To read the full LAO report, click HERE.

UC Davis Names New Ag Dean

Helene Dillard

Helene Dillard

UC Davis announced Helene Dillard as the new dean of the College of Agricultural and Environmental Sciences this week. Dillard is a plant disease expert and is currently associate dean and head of Cooperative Extension at Cornell University.

Dillard hails from California, and she is a UC Davis alum.  She will begin her new position in January 2014.

Ag Council President, Emily Rooney, sat on the external advisory committee in the search for the new dean.

To read more about Dillard, click HERE.

 

Annual Meeting March 2-4, 2014

SavetheDate_front

Ag Council invites all members to join us March 2-4, 2014 for Ag Council’s 95th Annual Meeting to be held at the Hyatt Regency Huntington Beach Resort & Spa in Huntington Beach, California. The 2014 Golf Tournament and PAC fundraiser will take place on March 2 at Oak Creek Golf Club in Irvine.

The Annual Meeting is held in conjunction with CoBank’s Pacific West Customer Meeting. Further details and a registration website will be available at a later date. In the meantime, please save March 2-4, 2014 on your calendars.